Question
Stock mutual fund A holds more cash than stock mutual fund B. Which of the following could explain the difference in cash holdings? A) Fund
Stock mutual fund A holds more cash than stock mutual fund B. Which of the following could explain the difference in cash holdings?
A) Fund manager A is more concerned about investor redemptions than fund manager B.
B) Fund manager A holds more liquid stocks than fund manager B.
C) Fund manager A is more optimistic about the stock market than fund manager B.
D) None of these.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
