Use the Following Two Columns of Items to Answer the Matching

question 103

Multiple Choice

Use the following two columns of items to answer the matching questions below:
-no-load mutual fund

• A)funds that sell shares directly to investors and repurchase the shares when investors wish to sell them
• B)annual expenses per share divided by the net asset value of a mutual fund
• C)funds that sell directly to investors and do not charge a fee
• D)amount by which a closed-end fund's share price in the secondary market is above the fund's NAV
• E)market value of the securities that a mutual fund has purchased minus any liabilities owed

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Definitions:

Financial Statement

A written record that conveys the business activities and the financial performance of a company.

Debt-Equity Ratio

The measure indicating the dual use of debt and equity in the economic structuring of a company’s assets.

Dividend Payout Ratio

The fraction of net income a firm pays to its shareholders in dividends, represented as a percentage.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after accounting for costs and expenses.