Question: Which statement is FALSE about a fixed UIT? A B C Each trust unit represents a piece of a diversified portfolio of underlying securities A

Which statement is FALSE about a fixed UIT? A B C Each trust unit represents a piece of a diversified portfolio of underlying securities A n investor can reduce concentration risk with a relatively small dollar investment A professional manager can change the portfolio composition in response to a changing outlook for the underlying investments O ngoing expenses are low, making this an efficient investment D

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