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Question 2.2. (TCOs 6 and 7) A(n) _____ mutual fund is one in which
investors pay a commission every time they purchase shares. (Points :
1)
closed-end
open-end
no-load
load
convertible
Question 3.3. (TCOs 6 and 7) The All-Star Basic Value Fund's
portfolio is valued at $215 million. The fund has liabilities of $5
million, and the investment company sponsoring the fund has issued
15 million shares. What is the fund's net asset value? (Points : 1)
$14.33
$14.00
$21.50
$21.00
$3.00
Question 4.4. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that
invests in common stocks and bonds with the primary objectives of
conserving capital, providing income, and seeking long-term growth.
(Points : 1)
income
growth