Investments 3 & 4

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Across
  1. 3. investment bankers who market public offerings
  2. 6. investment pool not available to public, more secretive
  3. 10. equity fund that concentrates on a particular industry
  4. 11. order specifying price to trade
  5. 13. description of the firm and security it is issuing
  6. 15. fund that tries to match performance of a broad market index
  7. 16. information not yet made public
  8. 17. assets minus liabilities divided by number of shares
  9. 18. teacher's favorite investment company
Down
  1. 1. sales commission charged on a mutual fund
  2. 2. price at which dealer is willing to purchase a security
  3. 4. sale of shares not owned by the investor
  4. 5. like a mutual fund, trades throughout day
  5. 7. fund that invests in securities worldwide, including the U.S.
  6. 8. market for trading existing securities
  7. 9. market for newly issued securities
  8. 12. fund that issues or redeems shares at NAV
  9. 14. difference (spread) between the bid and asked prices
  10. 19. price at which dealer is willing to sell a security