a) "Generally, return of preferred stock is in between return of bond and return of common stock." Explain. (6 marks) b) Fill in the blanks: (i) is a hybrid fund that bond exposure will increase over time. (ii) Hedge funds are suitable for investors. doubles or even triples the performance of underlying index/asset. (iv) can reflect trading costs of mutual funds. have better diversification effect by investing in different hedge funds strategies. (vi) is money market instrument that issued by the US government. (vii) are charges levied when you sell the open-end mutual fund. (7 marks) c) Identify two differences between open-end funds and closed-end funds. (2 marks) a) "Generally, return of preferred stock is in between return of bond and return of common stock." Explain. (6 marks) b) Fill in the blanks: (i) is a hybrid fund that bond exposure will increase over time. (ii) Hedge funds are suitable for investors. doubles or even triples the performance of underlying index/asset. (iv) can reflect trading costs of mutual funds. have better diversification effect by investing in different hedge funds strategies. (vi) is money market instrument that issued by the US government. (vii) are charges levied when you sell the open-end mutual fund. (7 marks) c) Identify two differences between open-end funds and closed-end funds. (2 marks)