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
Q45: The mutual fund prospectus provides information about
A)the
Q46: Sector funds offer
A)good diversification.
B)high loss/reward potential.
C)stable returns.
D)None
Q47: Which of the following shareholder services is
Q48: _ have a fixed supply of shares,
Q49: Reliable sources of information about mutual funds
Q51: In a closed-end mutual fund, shares are
Q52: A back-end load fund has:
A)no charge upon
Q53: One can purchase shares in a closed-end
Q54: _ invest entirely in short-term securities, and
Q55: Which is not an advantage of exchange-traded
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