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1.?What are two major reasons why investors purchase mutual funds? Explain each. 2.?How do a closed-end fund, an open-end fund, and an exchange-trade fund differ?

1.?What are two major reasons why investors purchase mutual funds? Explain each. 2.?How do a closed-end fund, an open-end fund, and an exchange-trade fund differ? 3.?What are the management fees...

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