5-48 As compared to purchasing an individual stock,a no-load mutual fund investor will usually get

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A no-load mutual fund investor generally benefits from commissionless reinvestment opportunities, better diversification due to the fund's portfolio of various stocks and assets, and no-cost switching between funds within the same fund family. Compared to purchasing individual stocks, the investor is likely to incur lower commission costs as well. Therefore, all of the above options are best choices for a no-load mutual fund investor.

5-48 as Compared to Purchasing an Individual Stock,a No-Load Mutual