Use the data below to find a fund’s rate of return that would make it equal to a one-year CD with a yield of 2.88%. (hints: t = 1 and assume InitialValue = $1) Prospectus – High Flyer Fund (Annual Fees) Front-End Load 4.20% Expense Ratio 0.94%      

What are two advantages and two disadvantages of mutual funds?

What is a primary market?  What is a secondary market?

Define financial intermediation.

A fund holds bonds valued at $75,998,000 and has liabilities of $687,000.  There are 837,000 shares outstanding.  A large investor wants out of the fund and redeems 10,000 shares at the current NAV. a) What is the pre-redemption NAV? b) What is the post-redemption NAV?  

Your client wants to create a portfolio of her favorite stocks and a risk-free asset.  The stock portfolio has an E(r) of 13% and

Your client sold short 700 shares of common stock at $147 per share.  The initial margin is 56%.  What amount of cash or T-bills would she have to deposit in her account?

Your client invested $12,000 in a complete portfolio. The risky asset had an E(r) of 14% and

In the Index Model, what is the slope of the Security Characteristic Line (SCL) called?  

What are three primary distinctions between open-ended funds, closed-end funds, and ETFs?  I suggest creating a table to answer this question.