On the average, actively managed mutual funds have an expense ratio of about
A) 1.5%.
B) 2.5%.
C) 3%.
D) 5%.
Answer: A
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Traditional concepts applicable to large publicly held corporations often do not meet the needs of closely held ones. Accordingly, the RMBCA addresses these needs. Under the RMBCA,
A. A qualifying entity is automatically treated as a close corporation if it has fewer than 50 shareholders. B. A shareholder may have power to dissolve a close corporation that is similar to a partner's. C. Transfer of shares of a close corporation is restricted by means of a statutory buy-and-sell arrangement. D. A board of directors is required for a close corporation but shareholders have absolute power to restrict its discretion.
In the Miranda decision, the Supreme Court ________ that officers ________ warnings to potential criminals
A) require/provides B) require/provide C) requires/ provide D) requires/provides