CH4: Mutual Funds Flashcards
1
Q
What services are provided by investment companies?
A
- Administration & record keeping
- Diversification & divisibility
- Professional management
2
Q
Define the two types of managed investment companies.
A
PP
3
Q
How to value an investment company shares?
A
(Mrkt_value_of_assets - Liab.) / (shares outstanding)
4
Q
How are mutual Funds income taxed?
A
PP
5
Q
Lead vs no-load!
A
book
6
Q
Find the offer price of mutual funds shares
A
offer_price = NAV / (1 - load_in_%)
7
Q
What are the classes of mutual funds
A
Book
