Which of the following statements best describes mutual funds? Select one: O a. They provide good investment returns, but insufficient diversification. O b. They enable investors to buy many shares of stock in a single firm at a lower cost than using a stockbroker. O C. They are illegal in the United States, but popular in Canada O d. They appeal only to wealthy investors O e. They enable many investors with limited funds to buy a diversified portfolio.
Which of the following statements best describes mutual funds? Select one: O a. They provide good investment returns, but insufficient diversification. O b. They enable investors to buy many shares of stock in a single firm at a lower cost than using a stockbroker. O C. They are illegal in the United States, but popular in Canada O d. They appeal only to wealthy investors O e. They enable many investors with limited funds to buy a diversified portfolio.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Which of the following statements best describes mutual funds?
Select one:
O a. They provide good investment returns, but insufficient diversification.
O b. They enable investors to buy many shares of stock in a single firm at a lower cost than using a stockbroker.
O C. They are illegal in the United States, but popular in Canada
O d. They appeal only to wealthy investors
O e. They enable many investors with limited funds to buy a diversified portfolio.
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