Question: Which one of the following statements is correct?Select one:a . A participation bond fund uses the funds received from investors to provide first mortgage bonds

Which one of the following statements is correct?Select one:a

.

A participation bond fund uses the funds received from investors to provide first mortgage bonds for buildings constructed for commercial or industrial purposes.b

.

The selling price of collective investment schemes in securities

,

as quoted daily in the media, is always lower than the buying price. This means that an investor in collective investment schemes in securities will always make a loss.c

.

The trustee of a collective investment scheme

(

CIS

)

is responsible for taking investment decisions involving the fund.d

.

Investment trusts and CISs in securities are both listed on the JSE.

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