Investment Companies Flashcards by Megan Schroeder

Q

Chapter 9 – Investment Companies

How is the sales charge percentage calculated?

A

Sales Charge % = (POP – NAV) / POP

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Q

Chapter 9 – Investment Companies

What does POP stand for in the context of investment companies?

A

Public Offering Price

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Q

Chapter 9 – Investment Companies

How do you calculate the POP?

A

POP = NAV / (100% – Sales Charge %)

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Q

Chapter 9 – Investment Companies

What is the formula to calculate the change in value of an ETF?

A

Original Value + % Increase in Value OR Original Value – % Decrease in Value

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Q

Chapter 9 – Investment Companies

What is the formula to calculate the change in value of an Inverse ETF?

A

Original Value + % Decrease in Value OR Original Value – % Increase in Value

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