Which of the following is not true regarding mutual funds?
A) There are thousands of funds with many different investing objectives.
B) They offer small investors diversification and professional management.
C) Dividends received from their investments are used to pay operational expenses, and capital gains are passed on to the mutual fund shareowners.
D) Both dividends and gains are distributed to mutual fund shareowners.
Answer: C
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Evaluating financial statements permits managers, lenders, suppliers, and investors to do all of the following except
A. Determine whether the firm is on track with its long-term goals B. Retain a firms earnings C. Identify business variables D. Analyze borrowing needs E. Identify trends in sales and profits
As the price of a bond ________ and the expected return ________, bonds become more attractive to investors and the quantity demanded rises
A) falls; rises B) falls; falls C) rises; rises D) rises; falls