While Reviewing Mutual Fund Reports,Allen Noticed That a Fund Was

question 30

Multiple Choice

While reviewing mutual fund reports,Allen noticed that a fund was reported as "closed".What is the primary reason for closing a fund?

• A) all issued shares have been sold
• B) the fund is suffering a loss
• C) the NAV has declined noticeably
• D) the fund has grown too large in size
• E) the fund is underperforming its peers

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Definitions:

Economic Profit

The delta between aggregate sales and all-inclusive costs, factoring in both overt and covert costs.

Own Capital

The personal funds contributed by the owners or shareholders to a business for startup or expansion, representing equity in the firm.

Operating Profit

The profit earned from a firm's normal core business operations.

Assistant's Salary

refers to the compensation provided to an assistant, which can vary depending on the field of work, job responsibilities, and experience level.