Mutual funds that are composed of bonds that offer periodic coupon payments and vary in exposure to risk are called ____ mutual funds.
A)tax-free
B)income
C)high-yield
D)growth
E)none of the above

Question

Quizplus · Accepted Answer

Income mutual funds are composed of bonds that offer coupon payments, making them a good choice for investors seeking regular income. High-yield and tax-free mutual funds are more specific types of income funds, while growth mutual funds are composed of stocks and do not offer coupon payments.

Mutual Funds That Are Composed of Bonds That Offer Periodic