BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 7

Question 38.38. (TCO 6) The Capitalist Mutual Fund's net asset
value is $27.25. The fund has liabilities of $1.4 million and 1,600,000
shares have been issued. What is the value of the fund's portfolio?
(Points : 4)

Question 39.39. (TCO 6) Tracey Patterson would need to purchase
a(n) _____ if she desires federally tax-exempt income. (Points : 4)

Question 40.40. (TCO 6) A benefit associated with an investment in a
real estate limited partnership is that the investor (Points : 4)

Question 41.41. (TCO 6) Judith recently inherited several pieces of
diamond jewelry from her aunt. This jewelry is an example of (Points
: 4)
Question 42.42. (TCO 6) If Jeremiah's employer makes nontaxable
contributions to a plan in his name and his salary is reduced by the
same amount, Jeremiah has a (Points : 4)

Question 43.43. (TCO 6) Chuck owns a home worth $140,000, a car
valued at $30,000, and miscellaneous assets worth $7,500. He owes
$75,000 on the home and $12,000 on the car, and has no other debts.
His retirement account, in which he is fully vested, contains $17,500
in mutual funds. He is insured with a $250,000 term life insurance
policy. What is his net worth? (Points : 4)

Question 44.44. (TCO 7) The benefits of establishing a trust include
the fact that (Points : 4)