Question
Frank has invested in a segregated fund that is generally considered lower risk and the fund pays him regular income. The income he receives from
Frank has invested in a segregated fund that is generally considered lower risk and the fund pays him regular income. The income he receives from the fund is primarily interest income, but he also receives dividends from some of the high quality stocks that are held within the fund. Which of the following CORRECTLY describes the segregated fund that Frank is invested in?
a) | real estate equity fund | |
b) | equity fund | |
c) | income fund | |
d) | money market fund |
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c Income Fund What Is an Income Fund An income fund is a type of mutual fund or exchangetraded fund that emphasizes current income either on a monthly or quarterly basis as opposed to capital gains or ...Get Instant Access to Expert-Tailored Solutions
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Global Investments
Authors: Bruno Solnik, Dennis McLeavey
6th edition
321527704, 978-0321527707
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