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1. (TCOs 6 and 7) The Capitalist Mutual Fund's portfolio is valued at
$48 million. The fund has liabilities of $4 million, and the investment
company sponsoring the fund has issued 1,600,000 shares. What is the
fund's net asset value? (Points : 1)
$48.00
$30.00
$36.66
$27.50
$1
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