1. Bonds issued without coupons are called _______ coupon bonds.
A. no
B. negative
C. zero
D. unsecured
2. With respect to the return on your portfolio of securities, what factor will have the mostsignificant impact?
A. Security selection
B. Average rating
C. Average maturity
D. Asset allocation
3. A no-load fund has no _______ charges.
A. transaction
B. management
C. administrative
D. tax
4. INVESTMENT COMPANY earnings come from
A. capital gains.
B. dividend from stocks.
C. interest from bonds.
D. interest, dividends, and capital gains.
5. You've invested in a fund that holds commercial office buildings AND APARTMENTS . The fundmust distribute its earning to its shareholders.You own shares in a(n)
A. REAL ESTATE INVESTMENT TRUST .
B. closed-end INVESTMENT COMPANY .
C. unit investment trust.
D. open-end INVESTMENT COMPANY