"Portfolio Management": a wrap account and a mutual fund
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Questions 1:
A key difference between a wrap account and a mutual fund is that wrap accounts:
A. have assets that are owned directly by the individual.
B. cannot be tailored to the tax needs of a client.
C. have a lower required minimum investment.
Questions 2:
Which of the following is least likely an assumption of the capital asset pricing model (CAPM)?
A. Investors are different only with respect to their unique holding periods.
B. An investor can invest as much as he or she desires in any asset.
C. Security prices are not affected by investor trades.
The key difference between a wrap account and a mutual fund is that in a wrap account, the assets are owned directly by the individual.
One of the assumptions of the CAPM is that investors plan for the same single holding period.
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