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QUESTION 1 In order to avoid paying income taxes, an investment company must: be classified as a non-profit organization be classified as a non-profit organization
QUESTION 1
In order to avoid paying income taxes, an investment company must:
be classified as a non-profit organization | ||
be classified as a non-profit organization | ||
pass on interest, dividends, and capital gains to the stockholders | ||
be registered as a closed-end investment company
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