Examlex
The net asset value of shares in a closed-end investment company is $36.An investor buys the shares for $34 in the secondary market.The company distributes $1,and after one year,the net asset rises to $42.The investor sells the shares for $44 in the secondary market.
a.What is the discount?
b.What is the percentage return on the investment?
Sociable People
Individuals who enjoy being in the company of others and are adept at interacting within social settings.
Married Men
Men who are legally united to a partner in the institution of marriage.
Married Women
Women who are legally wed to a spouse, encompassing various aspects of their social, legal, and personal status.
Marital Satisfaction
The degree to which partners in a marriage feel content and fulfilled with their relationship.
Q9: Short selling requires<br>1)no collateral<br>2)a margin payment<br>3)delivering securities
Q10: The present value of an annuity is<br>1)larger
Q14: Because capital gains are not taxed,most investors
Q22: Only the earnings,and not the amount invested,are
Q23: In an "underwriting" the investment banker guarantees
Q25: If a mutual fund specializes in the
Q28: Coverage ratios may be used to measure
Q32: Stock dividends increase the firm's cash.
Q42: The concept of duration considers the<br>A) timing
Q52: Vinny,the marketing manager for Bass Line Audio