Other

Question 1

The standard disclosure document in a municipal offering is called:

Answer 1

an official statement.

Question 2

The standard disclosure document in corporate issues is normally called:

Answer 2

a prospectus (preliminary or final).

Question 3

The standard disclosure document in EXEMPT OFFERINGS is called:

Answer 3

offering circular

Question 4

If the ASK PRICE of a fund is LESS than the NAV, the fund must be a ______-end investment company.

Answer 4

If the ASK PRICE of a fund is LESS than the NAV, the fund must be a CLOSED-end investment company.

Question 5

_______ bonds are EXEMPT ISSUERS under the 1933 Act.

Answer 5

MUNICIPAL bonds are EXEMPT ISSUERS under the 1933 Act.

Question 6

Class C shares may be LESS expensive for investors with _______ investment horizons.

Answer 6

Class C shares may be LESS expensive for investors with SHORTER investment horizons.

Question 7

Level C Shares may be MORE expensive for investors who plan to hold their shares for a _____ time, because the level load never discontinues.

Answer 7

Level C Shares may be MORE expensive for investors who plan to hold their shares for a LONG time, because the LEVEL LOAD NEVER DISCONTINUES