Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/12

Click to flip

12 Cards in this Set

  • Front
  • Back
Types of investment companies
Face Amount Certificate Company
The investment company with a fixed portfolio with no management fees,redeemable.
Unit Investment Trust
Two types of Managment Companies.
Open-end

Closed-end
The type of management company that:
- Continously offer shares
- Pricing based on NAV
- May only issue common stock
- Prospectus always required
- Sold only OTC
- Purchase for cash only
- Must redeem at NAV
Open-end (Mutual Funds)
The type of management company that:
- Continously offer shares
- Pricing based on NAV
- May only issue common stock
- Prospectus always required
- Sold only OTC
- Purchase for cash only
- Must redeem at NAV
Open-end (Mutual Funds)
Management Company
- One time offering
- Pricing based upon supply and demand.
- May issue common, preferred and bonds.
- Prospectus only on primary offering.
-May be listed on an exchange
-May be on margin
-Do not redeem shares
Closed-end
NAV is short for?
Net Asset Value
The ask price is made up by the ________ plus the ______ ________ or (_______).
NAV

Sales Charge or (Load)
A _____________ investment company must distribute at least ____% of net investment income (Div&Int)
nad ______% of capital gains. Any remaining is taxable to company.
Regulated

90%

90%
A ________ _______ company must invest _____% a certain way.Remaining ____% may be invested in any mannor.
Diversified Management Company

75%

25%
A Contractual Plan that:
- sales charges of 50% of first year's payments.
- 9% of total payments
(there after life)
Front-end load plan
The _________ _______ plan sales charges are ____% of each individual payment, ___% of first 48 payments then ___% of total payments (life)
Spread load plan
20%
16%
9%