The truth about open-end mutual funds is that they <span>are bought or sold at their net asset value.
</span><span>Open-end mutual fund is a type of fund which shares are bought and sold on demand at their net asset value, or NAV, which is based on the value of the fund's underlying securities and is generally calculated at the close of every trading day.</span>
Answer:
The correct answer is the option B: False.
Explanation:
To begin with, the <em>Age Discrimination in Employment Act</em> is a labor law that was signed into law by President Lyndon B Johnson in 1967 and whose main purpose is to protect the employees from discrimination at their jobs with the statement that employment discrimination against anyone at least 40 years old is prohibited by this law in the United States Of America. Moreover, this act establishes that the replacement must be substantially younger than the terminated employee but<u> it is absolutely not required to be a member of a recognized protected class</u>.
Answer:
(a)70 years
(b)23.33 years
(c)8.75 years
Explanation:
According to the Rule of 70, for a given interest rate x, funds double in 
years.
(a)For a savings account earning 1% interest per year,
The number of years it will take the fund to double= 
=70 years
(b)For a U.S. Treasury bond mutual fund earning 3% interest per year.
The number of years it will take the fund to double= 
=23.33 years
(c)For a stock market mutual fund earning 8% interest per year.
The number of years it will take the fund to double= 
=8.75 years
Answer:
the value of the stock is $13.21 per share
Explanation:
The computation of the value of the stock is shown below:
The Value of the stock is
= Constant annual dividend ÷ discount rate
= $1.75 ÷ 0.1325
= $13.21 Per share
Hence, the value of the stock is $13.21 per share
We simply applied the above formula so that the correct value could come
And, the same is to be considered
