Last year, Sue purchased a closed-end mutual fund that was trading at $42 and had an NAV of $38. Sue sold the fund today when the NAV is $44 and the market price is $43. The fund paid $1 in dividends over the past year
What is the Sue's holding period return?
A) 4.8%
B) 7.1%
C) 11.6%
D) 18.4%
Answer: A
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Ace Manufacturing has high turnover due to issues with the corporate office. Trevor, the plant manager, is frustrated and cannot find a solution to stop it. At first he offered raises to many of the good employees who were leaving, but after a while, Paul started blaming those who were leaving, saying, "They are poor-quality employees and they are to blame for leaving." Trevor is engaged in
A. panic. B. relaxed change. C. blind avoidance. D. defensive avoidance. E. delayed change.
When end users develop applications, they should be encouraged to develop applications that interface with other organizational systems.
Answer the following statement true (T) or false (F)
Federal agency issues are low-risk securities issued by government agencies but not guaranteed by the U.S. Treasury
Indicate whether the statement is true or false
In a manager-managed LLC, amending the articles of organization cannot be delegated to the managers.
Answer the following statement true (T) or false (F)