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Identify the least accurate statement regarding mutual funds. a. Mutual fund managers tailor their investment strategies to meet the objectives of their shareholders. b. Investors

Identify the least accurate statement regarding mutual funds.

a. Mutual fund managers tailor their investment strategies to meet the objectives of their shareholders.

b. Investors have a much higher demand for closed-end funds than for open-end funds.

c. Investors purchase mutual funds for the advantage of professional management.

d. Closed-end funds typically issue shares only one time during their investment horizon.

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