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True of False? 1.Sammie is a covered member and owns 4% of the shares of...

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Finance

True of False?

1.Sammie is a covered member and owns 4% of the shares of a diversified mutual fund that holds 200 shares of XYZ stock in its portfolio. This relationship impairs independence. 2. LaRee is a covered member who owns 4% of a nondiversified mutual fund that holds XYZ stock in its portfolio. The total portfolio is worth $10,000,000 and 14% of the portfolio is in XYZ shares. This relationship impairs independence.

3. Ferdinand is a covered member who owns 7% of a diversified mutual fund. The mutual fund holds XYZ stock in its portfolio. The fund's total portfolio is $100,000,000. XYZ shares make up 2% of the portfolio's value. This relationship impairs independence.

4. Leslie is a covered member who chooses investments for his own retirement plan and has chosen to purchase a small amount of XYZ shares for the plan. This relationship impairs independence.

5. Leslie is a covered member. His wife, Sarah, chooses investments for her own retirement plan and has chosen to purchase a small amount of XYZ shares for the plan. This relationship impairs independence.

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