Briefly explain four important services provided by mutual funds.
Answer to relevant QuestionsYou bought 100 shares of an open-end mutual fund one year ago at $10 a share. You received a $0.50 per share distribution six months ago when the fund's NAV was $12.50 a share. If the fund's NAV at the end of the year was ...Distinguish between a fund's cumulative total return and its average annual total return over a given time period, say, five years. Helmut Bosh, a 22-year-old recent college graduate, has a low risk tolerance. He has signed up with his employer's 401(k) plan but has chosen to put all his money in an annuity guaranteeing a 5 percent annual return. ...What is the most important component of your auto insurance coverage? Why? Peter is away at college and drives the family car only when he comes home on special occasions. How might Peter's family hold down the cost of their auto insurance?
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