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Bond mutual funds offer the following advantages over direct investment in bonds EXCEPT: A: Better diversification B: Transactioncosteconomies C: Buy and sell individual bonds at

Bond mutual funds offer the following advantages over direct investment in bonds EXCEPT:

A: Better diversification B: Transactioncosteconomies C: Buy and sell individual bonds at individual investors discretion

D: Reinvestment of intermediate cash flows E: Better liquidity

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