Federal income tax on investment income and capital gains of a mutual fund
A) Must always be paid by both the fund and the shareholder
B) Must be paid only by the shareholder
C) Is not required of the fund if it distributes at least 90% of its net investment income and capital gains
D) Is not required either of the fund or of its shareholders
Correct Answer:
Verified
Q53: The mutual fund prospectus provides information about
A)The
Q54: One can purchase shares in a closed
Q55: Which is not an advantage of exchange-traded
Q55: Exchange Traded Funds (ETFs)
A)Are predominantly traded on
Q57: _ have a fixed supply of shares
Q59: Mutual funds which provide tax-free income are
Q60: An end load fund has
A)No charge upon
Q61: The growth fund category of funds would
Q62: The difference between a load fund and
Q63: When a mutual fund you own buys
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