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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 no-load load convertible 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) $14.33 $14.00 $21.50 $21.00 $3.00
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) income growth industry balanced
Question 5.5. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in companies outside the United States. (Points : 1) growth-income income international industry global market
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 duplex. an apartment. land. 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) Limited partnership Real estate dwelling Real estate syndicate Real estate investment trust Mortgage pool Question 8.8. (TCOs 6 and 7) Which REIT pools money to finance construction loans? (Points : 1) Mortgage REIT Compound REIT Hybrid REIT Simple REIT Equity REIT
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) Ginnie Mae Participation certificates (PCs) REITs Direct investment Indirect investment
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) 9 years. 16 years. 13 years. 11 years. 19 years. 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. variable annuity. mortgage advance. regional-based annuity. mortgage package.
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) Accessory apartment
ECHO unit Rooming house Universal design 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) A trust A will An estate Probate 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) signature will. formal will. holographic will.
letter of last instruction. informal will.