In 2009 the proportion of mutual funds (based on total assets)specializing in common stocks was

Name: In 2009 the proportion of mutual funds (based on total assets)specializing in common stocks was
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The question asks for the proportion of mutual funds specializing in common stocks based on total assets in 2009. According to the Investment Company Institute's 2010 Fact Book, page 37, 38.6% of mutual fund assets were invested in equity (common stock) funds. Therefore, the best choice is C).

In 2009 the Proportion of Mutual Funds (Based on Total