Get a glimpse of the real IIA-CFSA certification exam challenges with our free IIA-CFSA practice test questions.
Question 1
Close-end funds:
Question 2
A UIT typically issues redeemable securities (or ''units''), like a mutual fund, which means:
Question 3
The approximate per-share NAV plus any fees the fund imposes is the price:
Question 4
If a mutual fund has an NAV of $100 million, and investors own $10,000,000 of fund's shares, the funds per share value will be:
Question 5
There are some investment companies, known as exchange-traded funds or ETFS, which are legally classified as open-end companies or UITs. EFTs differ from traditional open-end companies and UITs because:
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