Which type of fund is always passively managed?
A) a closed-end fund
B) a growth fund
C) a value fund
D) an index fund
Answer: D
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A)?Six months B)?One year C)?Five years D)?Ten years
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A certain investment promises to pay you $2,500 per year forever with the first payment starting next year. If you can earn a 5% return on similar investments, what's the most you would pay for this investment today?
A) $50,000 B) $5,000 C) $41,667 D) $62,500