Open-end mutual funds are the most common type of investment company. which of the following statements characterize these funds?
check all that apply.
a. make automatic reinvestment easy.
b. allow shareholders to convert shares from one fund to another within the same fund family.
c. always publicly traded on exchanges.
d. good choices only if you have lots of capital to invest.
e. convenient to own but difficult to set up.

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%