33. Suppose a firms share price is $54 just before a $4 cash dividend is...
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33. Suppose a firms share price is $54 just before a $4 cash dividend is about to be paid. Immediately after that $4 a share cash dividend is paid, the best estimate of share price is
a) $58
b) $50
34. Suppose you call Fidelity (a large family of mutual funds) and ask them to sell (i.e. redeem) your mutual fund shares. The call is placed at 5:00 P.M. New York City time on a Friday. The price you receive will be determined using closing security prices as of:
a) Monday 4:00 P.M.
b) Friday 4:00 P.M.
c) Monday 9:00 A.M.
35. Suppose you invest $10,000 in a mutual fund that earns a gross return of 6% for this year. The funds expense ratio is 1% (about average for funds). Your NET return is:
a) 5%
b) 6%
c) 7%
36. From age 25, you contribute $5,000 a year to a Roth IRA. At age 35 after making 10 annual contributions, your account balance including returns on your stocks is $66,000. You want to take money out to start a business. What is the most you can withdraw without paying any penalty or taxes?
a) $66,000
b) $5,000
c) -0-
d) $50,000
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