With regard to a futures contract, the long position is held by

Investors' Choice Fund had NAV per share of \$37.25 on January 1, 2009. On December 31 of the same year the fund's rate of return for the year was 17.3%. Income distributions were \$1.14 and the fund had capital gain distributions of \$1.35. Without considering taxes and transactions costs, what ending NAV would you calculate for Investors' Choice?

Of the following types of mutual funds, an investor that wishes to invest in a diversified portfolio of foreign stocks (excluding the U.S.) should choose

The fee that mutual funds use to help pay for advertising and promotional literature is called a

Which of the following statements about Real Estate Investment Trusts is true?

Which of the following measures of risk best highlights the potential loss from extreme negative returns?

According to the mean-variance criterion, which of the statements below is correct?

You invest \$100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a T-bill with a rate of return of 0.05. The slope of the Capital Allocation Line formed with the risky asset and the risk-free asset is equal to

A statistic(s) that measures how the returns of two risky assets move together is:

Which one of the following portfolios cannot lie on the efficient frontier as described by Markowitz?

A 10% coupon bond, annual payments, 10 years to maturity is callable in 3 years at a call price of \$1,100. If the bond is selling today for \$975, the yield to call is