Investment companies are required by law to offer a prospectus to prospective investors. Let your instructor know which 5 parts you think are the most important and why
What will be an ideal response?
Answer: The fund's goal and investment strategy is important because I want it to align with my own personal goal and strategy. The fund's manager must have a good track record of successful performance or I will not invest. I must know what the distribution options are to see if they will meet my needs. I want to take advantage of all of the services offered to get the most out of my mutual fund. Last, I want to know the fund's performance since inception. Let's face it, if it hasn't done well I don't need it.
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When the real exchange rate of Japan's yen appreciates,
a. the yen's nominal exchange rate must remain constant. b. the yen's nominal exchange rate must also appreciate. c. the yen's nominal exchange rate must depreciate. d. Japanese goods are less competitive on international markets.
Which of the following is not a business transaction?
A) make a sales offer B) sell goods for cash C) receive cash for services to be rendered later D) pay for supplies
In general, calculating ROI based on the gross book value of assets gives managers an incentive to continue using old, outdated equipment
Indicate whether the statement is true or false
In a transaction between the true owner and the good faith purchaser for value, the law will not disturb the legal title but will rule in favor of the one who has it
Indicate whether the statement is true or false