Which of the following describes a difference between a unit investment trust (UIT) and a mutual fund?
A) UITs have a fixed number of shares; mutual funds do not.
B) UITs are not required to distribute dividends and capital gains to their shareholders as mutual funds must.
C) UITs must hold non-diversified portfolios; mutual funds may be either non-diversified or diversified.
D) All of the above describe differences between a UIT and a mutual fund.
Correct Answer:
Verified
Q101: Which of the following would be required
Q102: Which of the following correctly describes a
Q103: Which of the following statements regarding a
Q104: A face-amount certificate company:
A)is a company that
Q105: Which of the following is exempt from
Q107: Which of the following is a characteristic
Q108: A mutual fund may not do which
Q109: Upon receiving approval via a majority vote
Q110: Which of the following statements regarding closed-end
Q111: 12b-1 fees refer to:
A)the front-end or back-end
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents