MASTERY EXAM 1 questions and answers correct

MASTERY EXAM 1 questions and answers correct 1.An open-end management company is a: A. mutual fund b. publicly traded fund C. fixed unit investment trust D. real estate investment trust - A. mutual fund 2.To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following benefits EXCEPT: A. Breakpoints B. Plan Completion Insurance C. Rights of Accumulation D. Letter of Intent - B. 3.Plan Completion Insurance A closed-end management company is a: A. mutual fund B. publicly traded fund C. fixed unit investment trust D. participating unit investment trust - B. publicly traded fund 4Which of the following statements are TRUE regarding Treasury Stock? I Treasury Stock receives dividends II Treasury Stock vot