Business, 31.07.2020 20:01 achewitt4147

An investor holds shares of the CTS balanced fund and wants to exchange them for shares of the CTS growth fund. One of the features the CTS fund family offers to shareholders is the conversion privilege. The exchange of one fund for another within the same fund family would have which of the following consequences? A) Shares of the growth fund would be purchased at the POP and any gains from the sale of the balanced fund would be non-taxable at this time.
B) Shares of the growth fund would be purchased at the NAV without a sales charge and any gains from the sale of the balanced fund would be taxable.
C) Shares of the growth fund would be purchased at the POP and any gains from the sale of the balanced fund would taxable.
D) Shares of the growth fund would be purchased at the NAV with a sales charge assessed and any gains from the sale of the balanced fund would be taxable.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:10, alexwlodko

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

Answers: 1

continue

Business, 22.06.2019 19:10, crzyemo865

Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.

Answers: 3

continue

Business, 22.06.2019 19:10, soevse

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration

Answers: 1

continue

Business, 22.06.2019 23:10, erykaa

Mbo works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. the hierarchy ends in individual objectives set by each employee. this is an example of mbo working as objectives through the organization.

Answers: 1

continue

You know the right answer?

An investor holds shares of the CTS balanced fund and wants to exchange them for shares of the CTS g...