1. A core strategy typically uses the type of fund structure under which new investors may be admitted after the initial offering and after the commencement of fund operations. These funds are referred to as:
closed-end fund
finite fund
liquidation fund
open-end fund
2. Maximize Inc. has expected earnings per share of $3.6. The three closest competitors of Mazimiza have forward P/E ratios of 16.9, 29.4, and 24.5. Based on relative valuation, what should be the price of Maximize (NOTE: Use average values of ratios)?
$88.16
$86.14
$83.62
$84.96