BUSN 380 Week 7 Quiz Click Here to Buy the Tutorial http://www.tutorialrank.com/BUSN/BUSN-380/product-14523-BUSN-380-Week-7QuizFor more course tutorials visit www.tutorialrank.com 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
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 million, and the investment company sponsoring the fund has issued 15 million shares. What is the fund's net asset value? (Points : 1)
Question 4.4. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in common stocks and bonds with the primary objectives of conserving capital, providing income, and seeking long-term growth. (Points : 1)
Question 5.5. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in companies outside the United States. (Points : 1)
Question 6.6. (TCOs 6 and 7) Teresa Jones is interested in an indirect real estate investment. An example of this would be (Points : 1)
a single-family dwelling.
a participation certificate.
Question 7.7. (TCOs 6 and 7) Samuel may participate in a direct real estate investment opportunity, so he would only need to consider which option as an example of a direct real estate investment? (Points : 1)
Real estate dwelling
Real estate syndicate
Real estate investment trust
Question 8.8. (TCOs 6 and 7) Which REIT pools money to finance construction loans? (Points : 1)
Question 9.9. (TCOs 6 and 7) An investor holds legal title to a piece of property if he or she participates in what type of real estate investment? (Points : 1)
Participation certificates (PCs)
Question 10.10. (TCOs 6 and 7) You have purchased a condominium in Orlando, FL in order to rent out rooms to vacationers. What type of investment have you made? (Points : 1)
Direct investment in real estate
Indirect investment in real estate
Investment in precious metals
Investment in collectibles
Investment in gems
Question 11.11. (TCOs 6 and 7) All of the following are misconceptions about retirement planning except for which? (Points : 1)
My expenses will drop when I retire.
My retirement will last only 8 years.
I can depend on Social Security income and Medicare for medical bill payment.
I can depend on my company pension.
My savings will still be affected by inflation.
Question 12.12. (TCOs 6 and 7) The average life expectancy of a woman at age 65 is (Points : 1)
Question 13.13. (TCOs 6 and 7) If your mortgage is largely or completely paid off, then you may be eligible for a (Points : 1)
reverse mortgage annuity.
Question 14.14. (TCOs 6 and 7) As an individual approaches retirement age, he or she may consider (Points : 1)
increasing the face value of his or her life insurance.
increasing his or her property insurance coverage.
keeping his or her life insurance intact.
decreasing the face value of his or her life insurance.
exchanging his or her old life insurance policy with a new one.
Question 15.15. (TCOs 6 and 7) As people grow older, which type of housing is designed to allow people to stay in their homes more easily? (Points : 1)
Professional companionship arrangement
Question 16.16. (TCOs 6 and 7) Estate planning involves _____ if a person is married. (Points : 1)
the interest of at least two people
fewer legal requirements
fewer financial responsibilities
seeking the services of a securities broker
None of the above
Question 17.17. (TCOs 6 and 7) _____ refers to what Gerald Wilkins has in his possession and owns, including a home worth $250,000, a car worth $15,000, various investments worth $600,000, and other personal assets worth $25,000. (Points : 1)
None of the above
Question 18.18. (TCOs 6 and 7) The definition of a will is that it is (Points : 1)
a synonym for a letter of last instruction.
a synonym for a prenuptial agreement.
a legal document authorizing someone to act on your behalf.
the legal declaration of a person's mind as to the disposition of his or her property after his or her death.
a legal arrangement through which your assets are held by someone.
Question 19.19. (TCOs 6 and 7) Which is a will that leaves everything to your spouse when you die? (Points : 1)
A stated dollar amount will
A traditional marital share will
An exemption trust will
A simple will
Question 20.20. (TCOs 6 and 7) If you formulate a will using your own handwriting, this is called a(n) (Points : 1)
letter of last instruction.