1. In order to avoid paying income taxes, an investment company must:
be classified as a non-profit organization
be classified as a non-profit organization
pass on interest, dividends, and capital gains to the stockholders
be registered as a closed-end investment company
2. A market capitalization-weighted index obtains the current market value of each stock by:
using the closing market price
multiplying price times shares outstanding
multiplying price times daily volume
dividing earnings by shares outstanding