Which of the following statements regarding UITs is false? (a) UIT owners are issued redeemable trust certificates.

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Which of the following statements regarding UITs is false?

(a) UIT owners are issued redeemable trust certificates.

(b) The major type of asset in UITs is U.S. Treasury bonds.

(c) UITs are essentially unmanaged investments.

(d) The term of a UIT depends on the maturities of the securities held.

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

ISBN: 978-0470111239

1st Edition

Authors: Vickie L. Bajtelsmit, Linda Rastelli

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Question Posted: Jun 05, 2024 02:05 AM

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Which of the following statements regarding UITs is false? (a) UIT owners are issued redeemable trust certificates.

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

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