Question: TRUE or FALSE. Explain your answer with NO MORE THAN THREE SENTENCES. 1. The net asset value of a mutual fund is the average market

TRUE or FALSE. Explain your answer with NO MORE THAN THREE SENTENCES.

1. The net asset value of a mutual fund is the average market price of the stocks, bonds, and other assets the fund owns.

2. Hedge funds have a minimum investment requirement, with the typical minimum investment being $1 million.

3. Agency theory focuses on how government agencies regulate financial intermediaries and markets.

4. Developing countries should privatize the state-owned banks for mitigate the financial repression problems induced by accumulating bad debts.

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