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(a) What is the purpose of index funds? How does this differ from other equity mutual funds? Why are index funds growing in popularity? (b)

(a) What is the purpose of index funds? How does this differ from other equity mutual funds? Why are index funds growing in popularity?

(b) How do closed-end investment companies differ from open-end mutual funds?

(c) In what ways are hedge funds different from mutual funds?

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