ALLIED FIN202 FULL COURSE [ ALL DISCUSSION ALL HOMEWORK AND ALL CHECK UUNDERSTANDING EXCEPT MODULE 1 CHECK UNDSTAND

week 1What are different types of information is available for use when doing career planning? What activities are commonly suggested when preparing for a job interview?week 2What are the benefits of an organized system of financial records and documents? What suggestions would you give for creating a system for organizing and storing financial records and documents?MODULE 3What are various methods that an individual may use to steal your identity?MODULE 4What strategies would you use to research and purchase a used car and other high dollar items such as furniture? How are daily buying decisions related to overall financial planning? ?MODULE 5What spending actions might directly affect your health and physical well-being?What spending actions might indirectlyaffect your health and physical well-being?MODULE 6Of all the investment alternatives presented in this reading, which one do you thinkwould help you obtain your investment goals? Explain your answer.MODULE 7Think about your possible investment goals and the amount of money you would like to invest, what types of mutual funds would youconsider? Why?If you do not plan on investing, you are still expected to answer the question as if you were going to invest in a mutual fund.MODULE 8What types of retirement planning activities might you start to consider at this point of your life?homeworkWelcome to the Module 1 Homework Assignment for FIN 202: Personal Finance.PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. Describe the S-M-A-R-T approach to financial planning goal setting. Give an example.2. Linda Ashworth is trying to decide whether to keep her money in a savings account or in a mutual fund. What would you tell her to help her analyze her decision?3. What is meant by the term, “Time Value of Money?”4. What steps should a person take when planning a career?5. What are the six steps in the financial planning process?6. What types of risks are commonly associated with personal financial decisions? How can these risks be evaluated and minimized to reduce personal and financial difficulties?7. People are commonly overwhelmed by the many influences on personal financial decisions. What are the factors affecting financial planning?8. What are the main components of personal financial planning?9. Louise Ellis recently has been offered employment in another city. She has been employed in her current position for four years. What factors should Louise consider when evaluating this new position?10. Suzanne is beginning to think she needs to find a new job. She is happy with her present salary and job duties, and she has a large corner office with a wonderful view of the city. In spite of this, she dreads going to work each day. Discuss four reasons that may be to blame for her dissatisfaction at work.11. What steps should a person take when planning a career?12. What factors affect the availability of employment positions?13. Discuss the types of information available for use when doing career planning.14. What activities are commonly suggested when preparing for a job interview?15. You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy. The medical policy costs $300 per month. Your tax rate is 25%. Considering financial factors only, should you take the cash or the medical policy? Explain your decision.Part IIPreparing for an InterviewDirections:Write a 1-2 page, double-spaced paper in 12 pt. font that answers the following question. Please use APA format.Based on library research, a web search, and experiences of others, obtain information about effective interviewing techniques. Describe what actions one might take when preparing for and participating in an interview. Include what to do before, during, and after the interview process. Be sure to have a minimum of two references and cite your references appropriately. The 2-3 page paper requirement does NOT include the cover or reference page.PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. Steve Franklin recently purchased a stereo system. After a few weeks it overheated, causing a small fire and some minor damage. What actions would you recommend to Steve to resolve his consumer complaint? What legal actions might Steve consider for this situation?2. Describe four common consumer myths and explain the dangers of such erroneous beliefs. Why do you think they continue to be believed by many consumers? Offer suggestions for ways to increase consumer awareness of such myths.3. Explain what amortization is and how a down payment and loan duration impact it.4. Explain how current interest rates can affect the price of a home.5. What is the purpose of an escrow account and what costs are typically included?6. What factors influence most people’s buying decisions?7. What are the main sources of consumer information?8. What legal actions are available when assistance is needed to resolve a consumer problem?9. Explain the difference between arbitration and mediation.10. Distinguish between an implied warranty and an express warranty.11. Differentiate between a cooperative and a condominium. Be sure to include a discussion of the ownership and responsibility for the common areas.12. Explain negative amortization and how such a situation can occur.13. John Ashford needs to sell his home because of a job transfer to another city. What actions should John take to sell his home?14. Gerry Intel is considering buying a home. What actions would you recommend for her to take to accomplish this goal of buying a home?15. What factors influence the type of housing a family will select?Welcome to the Module 5 Homework Assignment for FIN 202: Personal Finance..PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. What are the five basic types of health insurance? What are their benefits and limitations?2. What are some things that you can do to reduce your personal health care costs?3. Why are the costs of health insurance and health care increasing?4. What are the four methods of determining your life insurance needs? Explain the basic principle of each method.5. What do the terms “term,” “decreasing-” or “declining term,” and “whole life” mean with respect to life insurance?6. What is an annuity? What is the difference between life insurance and an annuity? Include payment options and tax considerations.7. Identify the main private sources of health care insurance.8. What is disability income insurance? What are the major sources of disability income insurance?9. What are the primary sources of government health care insurance?10. What is the importance of health insurance and disability insurance in personal financial planning?11. What is life insurance? What is its purpose and principle?12. What are the two types of life insurance companies? Explain the basic features of each type.13. List some of the important provisions found in most life insurance policies.14. What are the steps in creating a plan to buy your life insurance?15. When choosing an insurance agent, what are some important questions to ask?PART IIWrite a 1-page, double-spaced paper in 12 pt. font answering the following question. Please use APA format.1. Why are the costs of health insurance and health care increasing?Welcome to the Module 6 Homework Assignment for FIN 202: Personal Finance..PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. After graduating from a community college, you obtain a job as a medical records technician. Your monthly take-home salary is $2,000. Your monthly expenses are $1,600. Based on this information, what steps should you take to establish a long-term investment program?2. Bob and Mary Martin are both 35 years old. Although they graduated from college almost 15 years ago, they have never developed a diversified investment program. What extra money they had was invested in high-tech stocks that did quite well until the last five years. Then, with the economic downturn, they encountered major losses. How could asset allocation have reduced the dollar amounts of the Martins’ losses?3. To manage a financial crisis, many experts recommend that you take action to make sure your financial affairs are in order. Name and describe five steps you can take to ensure that your financial affairs are in order.4. Why do corporations issue stock? Why do investors buy that stock?5. What is the primary difference between common stock and preferred stock?6. Explain what dollar cost averaging is and why an investor would use the technique.7. Describe the sources of investment information investors can use to evaluate a potential investment.8. Choose four of the investment alternatives presented in Chapter 13 and describe how the factors of safety, risk, income, growth, and liquidity affect that investment alternative.9. Describe the difference between full-service, discount, and on-line brokerage firms.10. Matthew Boyd has saved $10,000 and wants to invest in common stock. Identify three investment methods he could use and briefly explain how each of those methods works.PART IIWrite a 1-page, double-spaced paper in 12 pt. font answering the following question. Please use APA format.1. Research three companies that you may want to eventually invest in. Then, list these companies and discuss why you chose these companies. In your discussion, include what sources that you can use to determine if these companies are worthy of your investment. Answer: Answers will vary depending on the companies.Welcome to the Module 7 Homework Assignment for FIN 202: Personal Finance.PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. How do interest rates in the economy affect the price of a corporate bond?2. You are trying to evaluate two bond issues. One bond issue is rated “A” by Moody’s; the other is rated “B.” How important are the bond ratings issued by Moody’s Investors Service? Based on your feedback, would you purchase the “A” bond or the “B” bond?3. If your primary goal is current yield, which one of these bonds is the wiser investment? Bond A: $1,000 corporate bond that pays 7 percent and has a current market value of $800; or Bond B: $1,000 corporate bond that pays 8.25 percent and has a current market value of $950?4. Why do investors purchase mutual funds instead of purchasing stocks, bonds, or other investments on their own?5. Your parents are considering the purchase of shares in a mutual fund. Discuss three advantages and three disadvantages of mutual fund investing that you believe are important for potential investors to consider.6. In what ways can a bond investor make money?7. Define five of the following six terms: (1) corporate bond (2) bond indenture (3) trustee (4) mortgage bond (5) debenture bond (6) convertible bond.8. Bonds are generally considered a relatively safe investment. How is it possible to lose money on bonds?9. What is the difference between a U.S. government Treasury bill, Treasury note, and Treasury bond?10. Corporate and Treasury bonds generally produce more interest revenue than municipal bonds. Why do investors choose to buy municipal bonds?11. Describe either the purchase options or withdrawal options that can be used to invest in or withdraw money from the investment company that sponsors an open-end mutual fund.12. Cindy and John Appleby just inherited $30,000 and would like to invest the money in a conservative mutual fund. Since they have never invested in mutual funds, they ask for your help. In your own words, describe the sources of information available for evaluating a mutual fund investment.13. Explain the difference between a load fund and a no-load fund. From a performance standpoint, is there a significant difference between mutual funds that charge commissions and those that do not?PART IIWrite a 1-page, double-spaced paper in 12 pt. font answering the following question. Please use APA format.1. You are considering purchasing shares in a mutual fund. Discuss three advantages and three disadvantages of mutual fund investing that you believe are important for potential investors to consider..PART IDirections: Using Microsoft® Word to save and submit your work, please provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments.1. What are the key steps in retirement planning?2. Why is retirement planning important?3. What are the possible sources of income for retirees?4. What is estate planning, and how does your personal situation affect that planning?5. Explain what a will is and what occurs at your death if you do not have one.6. What are some common reasons for setting up a trust?7. What types of housing options are available to retirees?8. What types of expenses might increase during retirement?9. How can retirees avoid housing traps?10. Explain the difference between a defined-contribution and defined-benefit plan.11. Describe some of the most common retirement misconceptions and explain what you should do if you hold to any of those misconceptions.12. What are the federal and state tax considerations in estate planning?13. How do wills and trusts help in planning your estate?PART IIWrite a 2-3 page, double-spaced paper in 12 pt. font answering the following question. Please use APA format.Using the Internet to Obtain Information about Wills. Visit Metropolitan Life Insurance Company’s web page at .lifeadvice.com/”>http://www.lifeadvice.com. Using this information, prepare a report on the following: (a) Who needs a will? (b) What are the elements of a will (naming a guardian, naming an executor, preparing a will, updating a will, estate taxes, where to keep your will, living will, and etc.)? (c) How is this report helpful in preparing your own will?check your understandingA person’s net worth would increase as a result of:a. reduced amounts owed to others.b. reduced earnings.c. increased spending for current living expenses.d. decreased value of personal possessions.12. Which of the following statements regarding debit and credit card liability is correct?a. A credit card carries more risk of loss to the cardholder.b. A debit card carries more risk of loss to the cardholder.c. There is no cardholder liability if either type of card is lost.d. The Federal Government insures losses on credit, but not debit cards.3. Which of the following are considered to be personal financial statements?a. Budget and credit card statementsb. Balance sheet and cash flow statementsc. Checkbook and budgetd. Tax returns4. The Truth-in-Savings law requires that financial institutions:a. provide insurance for savings accounts.b. send customers monthly bank statements.c. report annual percentage yield on savings.d. offer adjustable rate savings accounts.5. A home file should be used for:a. storing all financial documents and records.b. financial records for current needs.c. documents that require maximum security.d. obsolete financial documents.6. A person borrows $200 from a payday loan company and pays $10 interest for two weeks. This would result in an annual interest rate of approximately ________, ignoring compounding.a. 260b. 130c. 40d. 20Hint: p. 1477. Ben Chase needs to pay some of his debts over the next few months. Which item on his balance sheet would help him decide what amounts are due in the near future?a. Budget varianceb. Investment assetsc. Long-term liabilitiesd. Current liabilities8. Time deposits consist of:a. checking accounts.b. loans and charge accounts.c. savings accounts.d. government securities.9. Which of the following are considered to be personal financial statements?a. Budget and credit card statementsb. Balance sheet and cash flow statementsc. Checkbook and budgetd. Tax returns10. Joan Zemke expects interest rates to decline over the next few months. To maximize her earnings, she should use a(n):a. regular savings account.b. interest-bearing checking account.c. five-year certificate of deposit.d. six-month certificate of deposit.11. An all-purpose account that provides several services is a(n):a. NOW account.b. asset management account.c. EFT account.d. mutual fund.112. Which type of financial records includes stock and bond reports?a. Investmentb. Insurancec. Estate planningd. Tax13. To avoid high fees for loans, a person should avoid borrowing from a:a. credit union.b. savings and loan association.c. pawnshop.d. commercial bank.114. A family with $45,000 in assets and $22,000 of liabilities would have a net worth of:a. $45,000.b. $23,000.c. $22,000.d. $67,000.15. To determine a person’s solvency, which financial document should be consulted?a. Cash flow statementb. Budgetc. Debt consolidation systemd. Balance sheet16. The Expedited Funds Availability Act requires that funds be available to depositors:a. within 5 days for local checks.b. within 2 days for local checks.c. within 2 days for both local checks and out-of-town checks.d. within 2 days for out-of-town checks.117. The rate of return on a savings account is also referred to as:a. liquidity.b. compounding.c. yield.d. opportunity cost.Hint: p. 15418. Liabilities are amounts representing:a. debts.b. items of value.c. living expenses.d. taxable income.119. Items that you own with a monetary worth are referred to as:a. liabilities.b. variable expenses.c. net worth.d. assets.120. Opportunity costs refer to:a. current spending habits.b. changing economic conditions that affect a person’s cost of living.c. storage facilities to make financial documents easily available.d. trade-offs associated with financial decisions..8181819915771px;”=””>Question Points1. Which formula dictates that you pay more interest at the beginning of the loan and pay less and less interest as the debt is reduced?a. Adjusted balance methodb. Previous balance methodc. The rule of 78sd. Average daily balance2. If you are denied credit, your first step should be to:a. increase your income and decrease your spending.b. reapply for credit.c. hire an attorney and file a suit against the creditor.d. check your credit file at the credit bureau.3. The debt-to-equity ratio is:a. calculated by dividing total liabilities by net worth.b. calculated by dividing monthly debt payments by net monthly income.c. determined by dividing your assets by your liabilities.d. a useless ratio for determining your credit capacity.4. Float can be defined as:a. the interest charged during one billing period.b. the principal balance due on a loan.c. a home equity loan.d. a period of time during which no interest is charged.5. The total dollar amount you pay to use credit is called the:a. finance charge.b. annual percentage rate.c. price of the good/service purchased.d. amortized rebate.16. Installment sales credit is a:a. direct loan of money for personal purposes.b. direct loan of money for home improvement.c. loan that allows you to receive merchandise such as a refrigerator or furniture.d. direct loan for vacation purpose.17. Today, Michael purchased a laptop computer from a retail outlet. He has agreed to pay for this purchase in full 30 days from today. This is an example of:a. open-end credit.b. a line of credit.c. single lump-sum credit.d. installment cash credit.08. If you borrow $100 at 10 percent simple annual interest and repay it in one lump-sum at the end of one year, you will repay:a. $100.b. $105.c. $110.d. $115.19. Who financially supports the Consumer Credit Counseling Service?a. National Foundation for Consumer Creditb. Community-minded firms and individualsc. Federal Reserve Banksd. The Federal Home Loan Bank110. What is (are) the signal(s) of potential debt problems?a. Paying only the minimum balance each month.b. Missing payments or paying late.c. Using savings to pay normal bills.d. All of the above are danger signals..111. The CCCS aids families by:a. setting up a budget for them.b. paying off their loans.c. providing free basic necessities.d. providing one month free shelter.112. Mortgage loans, automobile loans, and installment loans for purchasing furniture or appliances are examples of:a. a line of credit.b. a credit card loan.c. open-ended credit.d. closed-end credit.113. Which type of credit insurance repays your debt in the event of a loss of income due to illness or injury?a. Credit life insuranceb. Credit accident and health insurancec. Credit property insuranced. Credit casualty insurance114. The CCCS is basically concerned with:a. lending money to destitute people.b. giving debtors food and shelter.c. helping destitute debtors to relocate into less expensive areas.d. preventing and solving the problems related to credit overextension.115. Which one of the following is often the source of the least expensive loan?a. Parents or family membersb. Banksc. Savings and loans associationsd. Finance companies116. Which one of the following financing methods provides a float period?a. Installment loanb. Credit cardc. Lump-sum loand. Home equity line of credit017. The credit bureau cannot charge you a disclosure fee if you ask to see your file within ______ days of being notified of a denial based on a credit report.a. 10b. 20c. 30d. 60118. Dave’s take-home-pay per month is $2,200. What is the maximum dollar amount of debt payments, excluding a home mortgage, he should have?a. $880b. $440c. $330d. $220.119. The Consumer Credit Counseling Service (CCCS) is affiliated with the:a. National Foundation for Consumer Credit.b. Federal Trade Commission.c. Better Business Bureau.d. U.S. Consumer Protection Agency..120. The Federal Trade Commission enforces the:a. Truth in Lending Act.b. Equal Credit Opportunity Act.c. Fair Credit Billing Act.d. Fair Debt Collection Practices Act.4.8181819915771px;”=””>Question Points1. Which of the following is an example of a closing cost?a. Home inspection feesb. Realtor feesc. Earnest moneyd. Title insurance12. Small claims courts:a. hear only class-action suits.b. are located in every state.c. have no minimum dollar limit on claims.d. require the use of an attorney.3. A short-term mortgage with a very large final payment is called a ___________ mortgage.a. balloonb. graduated-paymentc. growing-equityd. shared-appreciation14. An implied warranty that comes with a used car is that:a. major repairs are the responsibility of the seller.b. government agencies will repair safety defects.c. the vehicle is in operating condition.d. hidden defects will be repaired at no cost to the buyer.15. The most commonly considered factor when selecting a home is the:a. size of the home.b. condition of the home.c. location of the home.d. local zoning laws.16. Pam McNally is planning to use the services of the Better Business Bureau. A major purpose of the BBB is to:a. recommend reputable companies in an area.b. resolve consumer complaints.c. lobby for improved consumer protection laws.d. evaluate products and services for quality.17. For a class action suit to be valid, it must:a. involve several people with the same problem.b. involve a national retail store.c. be a case that would not be handled by an attorney.d. involve low-income individuals.18. Which of the following statements about the Legal Aid Society is not true?a. It provides legal assistance to people who cannot afford their own attorney.b. It is part of a network of community law offices.c. It provides legal assistance at minimal cost or without charge.d. It is a for-profit organization.09. Renting would be most appropriate for people who:a. want to reduce their taxes.b. have difficulty establishing credit.c. have limited funds currently available.d. enjoy remodeling their residence.010. The first phase of the consumer buying process is:a. gathering information.b. evaluating alternatives.c. identifying the problem.d. researching alternatives.111. What type of warranty indicates that the seller has the right to sell a product?a. Express warrantyb. Implied warrantyc. Warranty of titled. Warranty of merchantability012. A newly married couple is having trouble affording a home. What type of mortgage arrangement would reduce the monthly payment as a result of an interest rate subsidy from a builder or real estate developer?a. FHA-insured loanb. Balloon mortgagec. Buy-downd. Shared-appreciation mortgage113. A home equity loan may also be referred to as a _____________ mortgage.a. shared-appreciationb. graduated-paymentc. growing-equityd. second114. A vehicle sold “as is” has:a. a limited warranty.b. no express warranty.c. a 30-day guarantee.d. a full warranty on parts, but not labor.115. The purpose of a service contract is to:a. prevent legal action due to a defective product.b. protect a product owner from expensive repairs.c. reduce the chance of needing repairs.d. obtain regular maintenance on a product.116. Recently, Jim Dahl was on a bus tour in a mountainous area. The bus broke down forcing the group to stay overnight. Group members had to pay for their own hotel bills. Jim believes that the hotel cost for the group should be paid by the tour company. Which legal action would be most appropriate?a. Small claims courtb. Mediationc. Legal aid societyd. Class action suit17. The purpose of a security deposit is to:a. pay for potential damages.b. cover the costs of utilities.c. pay for the tenant’s portion of real estate property taxes.d. cover increases in monthly rent.18. The purpose of title insurance is to:a. transfer ownership of property.b. reduce the chance of a decrease in property value.c. protect an owner from unknown claims on the property.d. protect an owner from changes in mortgage interest rates.19. An example of an economic buying influence would be:a. family size.b. inflation.c. advertising.d. hobbies.20. Which of the following is an example of a conventional mortgage?a. An FHA mortgageb. A buy-downc. A fixed-rate mortgaged. A shared-appreciation mortgageQuestion Points1. Which is a correct statement about life insurance?a. People are less apt to actively seek life insurance than health insurance.b. Private sources are the only available sources for life insurance.c. Life insurance is extremely important if you are single and living alone.d. There is only one type of life insurance.2. Insurance experts have estimated that extra costs of up to _____________ per year may be required to replace the services of a homemaker in a family with small children.a. $3,000b. $6,000c. $10,000d. $12,0003. The DINK method assumes that:a. you have only two children.b. your spouse does not work.c. your insurance needs are complex.d. your spouse will continue to work after your death.4. Your first step in determining a life insurance program should be to:a. consult a local insurance company agent.b. buy as much life insurance as you can afford.c. estimate your life insurance requirements.d. determine your life insurance objectives.15. Your annual income is $50,000. What is your life insurance need based on the easy method?a. $245,000b. $300,000c. $345,000d. $400,00016. Catherine Carey has made the choice to stay home and raise her three kids while her husband works. She wants to determine her insurance need. What method was specifically designed for someone in her situation?a. Easy methodb. DINK methodc. Nonworking spouse methodd. Family need method17. A good health insurance plan should:a. provide at least one year’s hospital room and board in full.b. provide at least a $2 million lifetime maximum for each family member.c. pay 100 percent for out-of-hospital expenses.d. offer basic coverage for hospital and doctor bills.8. The easy method of determining life insurance requirements assumes that your family is:a. rich.b. poor.c. typical.d. young.9. Jamal Walker developed a serious infection and spent 6 months in his hospital’s intensive care unit. What part of his insurance policy would be the most useful for helping to pay for this?a. Hospital expenseb. Surgical expensec. Physician expensed. Major medical10. What can you do to reduce your health care costs?a. Stay well.b. Gain a little extra weight.c. Smoke and drink.d. Live dangerously11. Dean Thomas has an insurance policy that cannot be cancelled unless he fails to pay his premium. What provision in his insurance policy would specify this?a. Eligibilityb. Assigned benefitsc. Benefit limitsd. Guaranteed renewable12. Health insurance includes:a. life insurance.b. disability insurance.c. personal liability insurance.d. an annuity.13. Which type of health insurance pays part or all of an insured’s hospital bills for room, board, and other charges?a. Surgical expenseb. Hospital expensec. Physician’s expensed. Medicare Part B14. Which type of health insurance policy may not cover all of your health insurance needs or may deny benefits if you lose your job?a. Group healthb. Individual healthc. Medicared. Medicaid15. Julie Cumbie is playing softball and gets hurt sliding into second base. She gets an x-ray at her doctor’s office to make sure her ankle isn’t broken. Which part of her basic insurance coverage should help pay for this x-ray?a. Hospital expenseb. Surgical expensec. Physician expensed. Major medical16. Joe Johnson needs surgery for appendicitis. Which part of his basic insurance coverage should help pay for this surgery?a. Hospital expenseb. Surgical expensec. Physician expensed. Major medical17. A two-earner couple likely will have:a. the greatest need for life insurance.b. no need for life insurance.c. a moderate need for life insurance, especially if they have a mortgage.d. the greatest need for an annuity.18. Each year, Sophie Bennett must pay $500 for doctor’s visits before her insurance company will make any payments for doctor’s visits. What is this requirement called?a. Coordination of benefitsb. Deductiblec. Coinsuranced. Stop-loss provision19. Which country has the highest per capita medical expenditures of any industrialized country in the world?a. Australiab. Britainc. Canadad. U.S.A.20. Who has the greatest need for life insurance?a. Households with small childrenb. Singles living alonec. Singles living with parentsd. Dual income couplesmod 7Question Points1. Today, bond ownership records are maintained using a process called:a. certified registration.b. book entry.c. coupon registration.d. general obligation process.02. A government security issued in minimum units of $100 with maturities that are one year or less is called a:a. Treasury bill.b. subordinated bond.c. Treasury note.d. savings bond.13. The average management fee for all mutual funds is:a. less than 0.25 percent.b. 0.25 percent to 0.50 percent.c. 1.25 to 2.50 percent.d. 0.50 to 1 percent.14. Last month, Nellie Jacobson’s divorce became final. As part of the settlement, she received $150,000. She would like to invest in mutual funds, but since she is 62 years old, she is concerned with the safety of her “nest egg.” Which of the following mutual funds would you recommend?a. Growth fundb. Small cap fundc. International fundd. Short-term U.S. bond fund15. Mary Cooper just purchased 100 shares in the All-American Fund. The purchase cost for each share was $20. If this fund charges a 5 percent load, what is the total amount of commission she will pay the investment company?a. $100b. $1,000c. $2,000d. $20016. If overall interest rates in the economy rise, a corporate bond with a fixed interest rate will generally:a. increase in value.b. decrease in value.c. remain unchanged.d. be returned to the corporation.17. You own a $1,000 bond that pays 9.25 percent interest. What is the amount of interest you will receive each six months?a. $4.62b. $9.25c. $46.25d. $23.13.18. Which one of the following statements is false?a. As an investor, you should be concerned with how long a fund manager has been managing a mutual fund.b. Often, a fund’s success is tied to the manager’s ability to buy and sell securities in the fund.c. If a manager has been managing a fund for 5 or 10 years, it is time to change managers and get someone with new ideas.d. Managed funds m