1.Which of the following statements about management fees associated with mutual funds is correct? a)...
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Finance
1.Which of the following statements about management fees associated with mutual funds is correct?
a) The management fee covers all the expenses of the fund. b) The fees are typically a fixed percentage of the fund's net asset value. ) Passively managed funds tend to have higher management fees.
2.If a mutual fund had equity securities totalling $15,000,000, cash of $1,000,000 liabilities of $5,000,000, and 2 million units outstanding, what would the fund's NAVPS be ?
a ) $7,50 per unit b ) $11 per unit ) $ 5 per unit d) $5.50 per unit
3. A resistance level is:
a) when there are more sellers than buyers and the price begins to fall b) when there are more buyers than sellers and the price begins to fall c) when there are more buyers than sellers and the price begins to rise d) when there are more sellers than buyers and the price begins to rise
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