MASTERY EXAM 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 - Answer-A.
mutual fund
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 - Answer-B.
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 - Answer-B.
publicly traded fund
Which of the following statements are TRUE regarding Treasury Stock?
I
Treasury Stock receives dividends
II
Treasury Stock votes
III
Treasury Stock reduces the number of shares outstanding
IV
Treasury Stock purchases are used to increase reported Earnings Per Share
A.
An open-end management company is a:
A.
mutual fund
B.
publicly traded fund
,C.
fixed unit investment trust
D.
real estate investment trust - Answer-A.
mutual fund
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 - Answer-B.
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 - Answer-B.
publicly traded fund
Which of the following statements are TRUE regarding Treasury Stock?
I
Treasury Stock receives dividends
II
Treasury Stock votes
III
Treasury Stock reduces the number of shares outstanding
IV
Treasury Stock purchases are used to increase reported Earnings Per Share
A.
