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smithc52 smithc52
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2 years ago
Which of the following statements best describes the legal organization of mutual funds?

▸ Funds are organized as a single entity that handles all functions such as custody and investment decisions.

▸ Funds split their basic functions such as record keeping and investment decisions among two or more companies.

▸ Funds are owned by the company that manages them.

▸ A distributor keeps track of investment and redemption requests from shareholders and maintains other shareholder records.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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packar11packar11
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