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NEW QUESTION: 1
Which of the following will unambiguously increase NAV of an open-end fund?
A. Securities held increase in value by 1%
B. Shares of the largest holding in the portfolio split 2-for-1
C. Purchases of new shares exceed redemptions
Answer: A
Explanation:
Only an increase in asset value will unambiguously increase the net asset value of an open-end fund.

NEW QUESTION: 2

A. Option D
B. Option B
C. Option A
D. Option C
Answer: B

NEW QUESTION: 3
Which of the following governance bodies directs and coordinates implementations of the information security program?
A. Senior Management
B. Business Unit Manager
C. Chief Information Security Officer
D. Information Security Steering Committee
Answer: C
Explanation:
Explanation/Reference:
Explanation: Chief Information Security Officer directs and coordinates implementations of the information security program. The governance roles and responsibilities are mentioned below in the table: