The net asset value of a mutual fund increased from $12.03 to $13.53, but its price per share increased by only $1. This information indicates that...

 A. is a closed-end fund.

•  B. paid out $1 in dividends.
•  C. is an open-end fund.
•  D. paid out $1 in capital gains.

 A. the point in the life of a bond when its price risk exactly offsets its reinvestment risk.

•  B. the average maturity of a diversified portfolio of corporate bonds.
•  C. the point in the life of a bond when its yield-to-maturity equals its expected yield.
•  D. the average price and annual reinvestment rate of return for a bond.

•  A. I, III, and IV only
•  B. I, II, III and IV
•  C. I and IV only
•  D. I and II only