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QUESTION FIVE [20 Marks] A. Differentiate between Unit Trust and Investment Trust Mutual Funds [5 Marks] B. Briefly discuss why most of investors do better

QUESTION FIVE [20 Marks] A. Differentiate between Unit Trust and Investment Trust Mutual Funds [5 Marks] B. Briefly discuss why most of investors do better with passively managed Mutual Funds as compared to actively managed Mutual Funds [5 Marks] C. A Unit Trust Fund has a prospective average annual return of 6% over the next 20 years. Estimate the value of a TZS 30M investment after 10 years when the returns are i. Tax-free [3 Marks] ii. Subject to a deferred tax of 10% [3 Marks] iii. Subject to an annual tax of 15% [4 Marks]

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