Which one of the following is not true about balanced funds?
A) Such funds are portfolios of mortgage securities and preferred stock.
B) The proportions of stocks and bonds determine the level of return for each fund.
C) They typically generate a higher proportion of income than growth and income funds and are less volatile.
D) Investors who have a few more years to retirement and are typically in their early 50s are attracted to such funds.
Correct Answer:
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