What league recently operated for a number of years without a permanent commissioner?

A. National Hockey League
B. National Football League
C. Major League Baseball
D. National Basketball Association

Answer: C. Major League Baseball

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Learning curves are:

A) the same for all products but different for different organizations. B) the same for all organizations but different for different products. C) the same for all organizations and all products. D) different for different organizations and different products. E) appropriate in services but not in manufacturing.

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Last year, Sue purchased a closed-end mutual fund that was trading at $42 and had an NAV of $38. Sue sold the fund today when the NAV is $44 and the market price is $43. The fund paid $1 in dividends over the past year

What is the Sue's holding period return? A) 4.8% B) 7.1% C) 11.6% D) 18.4%

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