The Invest4U Mutual Fund is a regulated investment company under Internal Revenue Code Subchapter M. This means that:
A) Invest4U must submit an annually-updated prospectus to the IRS as well as to the SEC.
B) Invest4U does not itself have to pay taxes on any dividend or capital gain income it receives and distributes to its shareholders.
C) Invest4U is a UIT.
D) Invest4U is a non-diversified management company.
Correct Answer:
Verified
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