Which of the following statements are true of open-end mutual funds (OEFs)? I. OEFs are regulated under
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Question:
Which of the following statements are true of open-end mutual funds (OEFs)?
I. OEFs are regulated under the Investment Company Act of 1940
II. OEFs are pass-through vehicles that distribute most income and realized capital gains to shareholders
III. OEFs provide diversification and professional management
IV. OEF shares trade on secondary markets
Select one:
- a. II, III, and IV
- b. I, III, and IV
- c. I, II, and III
- d. All of the above
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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