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16 which of the following is incorrect about unlisted managed funds : Select one : a .do not pay tax in their own right if

16 which of the following is incorrect about unlisted managed funds :

Select one :

a .do not pay tax in their own right if they distribute income to unit holders

b .operate as a trust structure and issues units to investors .

c .they have a buy-sell spread

d .they do not regularly issue new units or cancel existing units .

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