What are unit investment trusts?
A) Portfolios of stocks and bonds that are traded on the major exchanges
B) Portfolios that are set up at a point in time as are mutual funds,but are generally unmanaged
C) Investments that wrap mutual funds in a tax-sheltered framework for an extra ongoing charge
D) Both a and b
E) Both b and c
Correct Answer:
Verified
Q20: The maturity of a Treasury bond is:
A)0-1
Q21: For each of the following types of
Q22: List and provide a detailed explanation for
Q23: Sales charges that are covered under marketing
Q24: Which of the following is not a
Q26: A mutual fund composed of a blend
Q27: Why are preferred shares generally considered more
Q28: According to the dividend discount model,the current
Q29: The key difference between mutual funds and
Q30: Capital gains taxes may be paid yearly:
A)Even
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