Question: Explain the 50/20/30 rule. List and define the three classifications of mutual funds. List and explain five different types of fees or charges. What is

Explain the 50/20/30 rule. List and define the three classifications of mutual funds. List and explain five different types of fees or charges. What is the recommended expense ratio for mutual funds? Explain the difference between common and preferred stock. Define a stock split and why companies decide to split their stock

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