Each individual mutual fund hires an investment advisor, generally from the management company, who oversee the particular fund. How is this advisor paid?
A) hourly
B) based on a percentage of the commissions charged on an annual basis
C) based on a percentage of the total value of the fund on an annual basis
D) annually based on the capital gains realized by the fund
E) none of the above
Correct Answer:
Verified
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A)risk.
B)costs.
C)profitability.
D)earnings.
E)none
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