The Net Tangible Asset Value of a Managed Fund Increased

question 69

Multiple Choice

The net tangible asset value of a managed fund increased from $12.03 to $13.53, but its price per unit increased by only $1.26. This information indicates that the fund

• A) is a listed fund.
• B) is an unlisted fund.
• C) paid out $1 in dividends.
• D) paid out $1 in capital gains.

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Definitions:

Scarcity

The economic principle that describes the limited availability of resources compared to the theoretically limitless wants and needs of individuals.

Dissonance

A state of mental conflict or inconsistency, often used to describe the tension arising from holding contradictory beliefs or attitudes.

Normative Influence

The pressure to conform to the expectations or norms of a group, influencing individuals to act in ways that are accepted by their social group.

Social Proof

A tendency to conform to what we believe respected others think and do.