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Michelle Richards is buying a mutual fund that invests with a focus associated with a particular date. Michelle wants to make sure that she is

Michelle Richards is buying a mutual fund that invests with a focus associated with a particular date. Michelle wants to make sure that she is ready for retirement in 2045. What type of mutual fund has she purchased? Select one: a. An age-based asset allocation fund b. A socially responsible fund c. A sector fund d. An index fund e. A growth fund

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