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5. Which of the following is not a benefit mutual funds provide for their shareholders? (a) Diversification (b) Record keeping and administration (c) Economizing on

5. Which of the following is not a benefit mutual funds provide for their shareholders?

(a) Diversification

(b) Record keeping and administration

(c) Economizing on transaction costs

(d) The ability to trade continuously throughout the day

(e) None of the above

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