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inna [77]
2 years ago
8

SID Asset Management initiated an open-end and a closed-end mutual fund a few years ago. If you want to invest in the funds toda

y, you A. must purchase shares of each fund in the secondary (stock) market B. may purchase shares of each und in either the primary from the investment company) market or the secondary (stock) market C. must purchase shares of the open end fand in the secondary stock market and shares of the closed and fund in the primary (from the investment company market D. must purchase shares of the open ond fund in the primary from the westment company market and shares of the closed end tund in the secondary (stock) market
Business
1 answer:
zhenek [66]2 years ago
8 0

Answer: D. must purchase shares of the open end fund in the primary market from the investment company and shares of the closed end fund in the secondary (stock) market.

Explanation:

Open ended funds have the power to issue unlimited shares and sells directly to investors which means that to purchase from them after they have launched, one would need to do so through the primary market from the investment company itself.

Closed-end funds however raise a fixed capital by issuing an Initial Public Offering and then the shares of the fund will then be listed in a stock exchange. To buy into such funds after a few years, you will have to go through the secondary market and buy it in the stock market.

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3 years ago
Bob and Sally are married, file a joint tax return, report AGI of $120,000, and have two children. Del is beginning her freshman
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Answer:

B) $5,000

Explanation:

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3 years ago
The current sections of Birmingham Inc.’s balance sheets at December 31, 2019 and 2020, are presented here. Birmingham’s net
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Answer:

Net Income 193,000

Non-monetary terms:

Depreciation expense    25,000

amortization expense       10,000

gain on disposal          <u>     (7,000)   </u>

Adjusted Income            221,000

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Investing

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Cash Flow              318,000

Beginning Cash   99,000

Cash Flow           318,000

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We first remove the non.monetary concetps from the net income.

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