1. Which of the following is not a characteristic of hedge funds? (versus mutual funds)
A. Use of leverage
B. Limited liquidity
C. Less regulation
D. Low fees
2. Find the future value of an investment of $2,500 made today for the following rates and periods:
A. 6.25 percent compounded semiannually for 12 years
B. 7.63 percent compounded quarterly for 6 years
C. 8.9 percent compounded monthly for 10 years
D. 10 percent compounded daily for 3 years
E. 8 percent compounded continuously for 2 year