When you buy a mutual fund you
A) May be purchasing a fund that has unrealized capital gains on stocks held in the portfolio.You could be liable for the taxes if the funds sells those shares
B) May be purchasing a fund that has unrealized capital losses on stocks held in the portfolio.You could be liable for the taxes if the fund sells those shares
C) Will not have any tax consequences on assets owned by the fund before you purchased the mutual fund
D) Two of the above are correct
Correct Answer:
Verified
Q61: The Hirt & Block mutual fund has
Q67: Under dollar-cost averaging the investor buys a
A)Fixed
Q68: Characteristics of mutual funds include everything except:
A)Different
Q69: Sector funds offer
A)Good diversification
B)High loss/reward potential
C)Stable returns
D)None
Q70: The following are all characteristics of money
Q70: A fund is set up to charge
Q71: A fund is set up to charge
Q73: One disadvantage of investing through mutual funds
Q75: The Hirt & Block mutual fund has
Q77: Which of the following is not a
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