percentages

Question 1

.25%

Answer 1

-maximum 12b-1 fee for no load fund

Question 2

1%

Answer 2

• 100 basis points for bonds
• rule 144 sale volume limit
• maximum 12b-1 fee

Question 3

5%

Answer 3

• markup policy guideline

- no more than 5% of a diversified investment company’s assets can be invested in any one company

Question 4

6%

Answer 4

-penalty for excess IRA contributions

Question 5

8.5%

Answer 5

-maximum sales charge for open-end (mutual fund) company

Question 6

10%

Answer 6

• penalty for premature IRA distribution
• considered an affiliate if person owns more than 10% of company
• max sales charge on public limited partnerships
• max amount a person can own of one person’s stock in a diversified investment company

Question 7

25%

Answer 7

-minimum maintenance requirement for long stock position

Question 8

30%

Answer 8

-minimum maintenance requirement for short stock position

Question 9

40%

Answer 9

-minimum percentage of mutual fund board members that must be noninterested

Question 10

50%

Answer 10

• reg t
• penalty for insufficient IRA distribution after age 70 1/2
• amount of sales proceeds credited to SMA in a margin account
• required cash deposit when withdrawing stock from a margin account

Question 11

70%

Answer 11

corporate dividend exclusion

Question 12

75%

Answer 12

• minimum amount of IC assets that must be invested in securities of other issuers to be considered diversified
• amount of limited partnerships assets that must be identified to be a specified program