Ownership of mutual fund shares represents A) ownership of one share of every securite in the portfolio B) ownership of a pro rate share of every security in the portfolio C) a senior claim on the portfolio assets D) a residual claim on the portfolio assets

20.Investments in debt securities are classified into the following categories according to management's intention: Select one: a."To hold until maturity", "available for sale" and "to trade". b. "To retain until maturity" and "to negotiate" c. All are classified as "to hold until maturity". d. "To retain until maturity" and "Available for sale".

What is the maximum percentage (%) of net assets of a mutual fund that can be invested in derivatives (except for specific funds that have received an exemption from this rule)?   1.0% 2.10% 3.25% 4.50%

The portion of the Private Equity timeline where capital flows to the LP's is called the