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NEW QUESTION: 1
Which of the following statements is true?
A. The shares of an open-end investment company usually trade at exactly its net asset value (NAV), but in some relatively rare instances, the shares trade at a small discount or premium to the NAV.
B. The shares of a closed-end investment company almost never trade at exactly its NAV. Rather, shares typically trade at a 5 to 20% discount to the NAV.
C. The shares of a closed-end mutual fund almost never trade exactly at its NAV. Rather, shares typically trade at a 5 to 20% discount to the NAV.
D. The shares of an open-end investment company usually trade at a 10 to 25% discount to its NAV, but in some relatively rare instances, the shares trade exactly at NAV.
E. The shares of a closed-end investment company usually trade at exactly its NAV, but in some relatively rare instances, the shares trade at a small discount or premium to the NAV.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Open-end investment companies continue to sell and repurchase shares after their initial public offerings.
They sell shares at the net asset value with or without sales charges, and repurchase shares at the net asset value with or without redemption fees. The shares of closed end investment companies,however, are rarely sold or redeemed by the funds, but typically trade on a stock market. Over the long-run, the shares tend to trade at a 5 to 20% discount to their net asset value (NAV). There is no such thing as a closed-end mutual fund. Only open-end investment companies are referred to as mutual funds.

NEW QUESTION: 2
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
A client has one legal entity, two departments, and two divisions. The client is implementing Dynamics 365 Finance. The departments and divisions are set up as financial dimensions.
The client has the following requirements:
* Only expense accounts require dimensions posted with the transactions.
* Users must not have the option to select dimensions for a balance sheet account.
You need to configure the ledger to show applicable financial dimensions based on the main account selected in journal entry.
Solution: Configure two account structures: one for expense accounts and include applicable dimensions, and one for balance sheet and exclude financial dimensions.
Does the solution meet the goal?
A. Yes
B. No
Answer: A
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/configure-account-structures

NEW QUESTION: 3
A user was reissued a smart card after the previous smart card had expired. The user is able to log into the domain but is now unable to send digitally signed or encrypted email. Which of the following would the user need to perform?
A. Make the certificates available to the operating system.
B. Remove all previous smart card certificates from the local certificate store.
C. Publish the new certificates to the global address list.
D. Recover the previous smart card certificates.
Answer: C