After reading Chapter 6, William realizes that there is no point in paying fees to mutual fund

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After reading Chapter 6, William realizes that there is no point in paying fees to mutual fund managers for them to choose which stock or securities to buy for him. However, after carefully reviewing his decision, he decides to buy shares in a mutual fund. Could you explain the reasons behind his final decision?

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Financial Markets And Institution

ISBN: 9781292459547

10th Global Edition

Authors: Frederic Mishkin, Stanley Eakins

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