1.) An open-end mutual fund has a net asset value of $50.00. What is the market price of the fund if the fund has a 3.0% front-end load?

A.) $48.50

B.) $50.00

C.) $51.55

D.) None of the above

2.) __________ fees on mutual funds typically occur only once.

A.)Management

B.)12b-1

C.)Front-end load

D.)A and B

E.)A and C

F.)B and C

G.)All of the above

3.) The __________ is an exchange traded fund (ETF) that attempts to match the performance of the Dow Jones Industrial Average index.

A.)DIA

B.)DOW

C.)SPY

D.)QQQ

4.) Standard ETFs can be __________.

A.) purchased on margin

B.) sold short

C.) sold throughout the day

D.) All of the above

E.) None of the above

5.) For the 5-star Morningstar rating system, a 1-star mutual fund is grouped in the__________.

A.) bottom10% of all mutual funds

B.) bottom20% of all mutual funds

C.) bottom25% of all mutual funds

D.) None of the above