Content Frame
Note for screen reader users: There is text between the form elements on this page. To be sure that you do not miss any text, use item by item navigation methods, rather than tabbing from form element to form element.
Skip Breadcrumb Navigation
Home  arrow Student Resources  arrow Chapter 4: Institutional investors  arrow Multiple choice questions

Multiple choice questions

Try the multiple choice questions below to test your knowledge of this chapter. Once you have completed the test, click on 'Submit Answers for Grading' to get your results.

If your lecturer has requested that you send your results to them, please complete the Routing Information found at the bottom of your graded page and click on the 'E-Mail Results' button. Please DO NOT forward your results unless your lecturer has specifically requested that you do so.

This activity contains 7 questions.

Question 1.
Closed-end funds have lower cash requirements than open-end funds because:

 
End of Question 1


Question 2.
Shares of a closed-end fund are trading at a 4% premium over NAV. If NAV is $10 per share, what is the current market price of the fund’s shares?

 
End of Question 2


Question 3.
Which type of fund invests in debt securities with very short maturities?

 
End of Question 3


Question 4.
Which type of fund is most likely to have the lowest management fee?

 
End of Question 4


Question 5.
Shares of closed-end funds often sell:

 
End of Question 5


Question 6.
A closed-end fund owns foreign securities with a market value of $95 million, has 5 million shares outstanding, owes its employees $500,000, and trades at a 5% discount. The net asset value per share is:

 
End of Question 6


Question 7.
Most mutual funds are members of a group of mutual funds known as:

 
End of Question 7





Pearson Education Copyright © 1995-2005 Pearson Education. All rights reserved.
Legal and Privacy Notice

Return to the Top of this Page