FCS 323 - Family and Individual Money Management » Spring 2022 » Chapters 15 Quiz
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Question #1
Compute the net asset value for a share of a mutual fund with the following characteristics: Market value of assets: $177,000,000 Market value of liabilities: $12,000,000 Number of shares outstanding: 7,250,000
A.
$22.76
B.
$26.07
C.
$22.36
D.
$24.41
Question #2
Net asset value increases when
A.
a mutual fund attracts new money from investors
B.
all of these.
C.
gains realized on the underlying securitities are paid out to shareholders
D.
the value of the securities in the portfolio increases
Question #3
Advantages of mutual funds include
A.
diversification.
B.
professional management
C.
all of these
D.
liquidity
Question #4
___________ are received while one owns shares of mutual funds
A.
Dividend distributions only
B.
Dividend distributions and capital growth
C.
Capital gains distributions and capital growth
D.
Dividend distributions and capital gains distributions
Question #5
Which is not one of the major objectives of mutual funds?
A.
Growth and Income
B.
Growth
C.
Income
D.
Social responsibility
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