Which of the following characteristics apply to closed-end mutual funds?
I. unlimited number of outstanding shares
II. transactions are between shareholders
III. Market prices may be higher or lower than NAV.
IV. Fund will repurchase shares at any time.
A) I and IV only
B) II and III only
C) I, II and III only
D) II, III and IV only
Answer: B
You might also like to view...
Three plants-P1, P2, and P3-of a gas corporation supply gasoline to three of their distributors located in the city at three different locations-A, B, and C. The plants' daily capacities are 4500, 3000, and 5000, gallons, respectively, while the distributors' daily requirements are 5500, 2500, and 4200 gallons. The per-gallon transportation costs (in $) are provided in the table below.
? Distributor Plant A B C P1 0.8 0.5 1 P2 0.7 0.65 0.8 P3 0.5 0.45 0.7 ? Because of a failure of expected supply earlier, the distributors A, B, and C have decided to charge a penalty this time of $0.45, $0.55, and $0.5 per gallon, respectively, to avoid any further delays.Now, determine the optimum supply of gasoline to the distributors in order to minimize the total transportation cost as well as the charges payable as penalty. What will be an ideal response?
A third party beneficiary is someone who is not:
a. a legal and recognized type of beneficiary. b. intended to benefit from the contract. c. a party to the original contract. d. intended to enforce the contract.
Time management consists of identifying activities that must be completed, and then prioritizing those activities so that the least important ones are accomplished first.
Answer the following statement true (T) or false (F)
To further promote innovation among team members, a manager should avoid
A. offering guidance to the group. B. closely directing or supervising the group. C. assisting the group in defining its goals. D. coaching the group regarding skills development. E. solving resource issues for the group.