Question: QUESTION 1 (25 MARKS) a. Define mutual funds (5 Marks) b. Differentiate between Closed-End and Open-End funds. (10 marks) C. List 5 examples of contents

QUESTION 1 (25 MARKS) a. Define mutual funds (5 Marks) b. Differentiate between Closed-End and Open-End funds. (10 marks) C. List 5 examples of contents in the Prospectus of the asset management company. (10 Marks) QUESTION 2 (25 MARKS) a. Extract of statement of Income and Expenditure for the Financial Years Ended 31 August 2020 2020 (RM) 2019 (RM) 2018 (RM) Investment Income 45,335,069 13,237,244 19,474,895 Expenses (6,039,755) (2,270,688 (1,853,602) Net Income before 39,295,314 10,966,556 14,621,293 taxation Net Income after 39,335,238 10,953,497 17,551,931 tavation

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