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Investment returns


A) are always positive.
B) are only received when an asset is sold.
C) are only received when there is a stream of multiple payments generated by the asset.
D) can be received either through the sale of an asset or as a stream of payments.

E) None of the above
F) B) and D)

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The largest mutual fund, as of April 2016, held approximately billion in assets under management.


A) $70
B) $90
C) $147
D) $170

E) B) and C)
F) A) and B)

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An investment with a beta of 4.0 means that the investment has four times the


A) average expected rate of return of the market portfolio.
B) risk of all similar investments.
C) level of nondiversifiable risk as the market portfolio.
D) level of diversifiable risk as the market portfolio.

E) All of the above
F) None of the above

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