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danyyzz danyyzz
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2 months ago
Nearly all mutual funds operate as regulated investment companies. This means that

▸ they are no-load funds.

▸ portfolio decisions are mandated by government authorities.

▸ they do not pay taxes on their income.

▸ their investments are guaranteed by the FDIC.
Textbook 

Fundamentals of Investing


Edition: 14th
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Nfernandez1991Nfernandez1991
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2 months ago
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More questions for this book are available here
they do not pay taxes on their income.

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