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The general partners of a Unit Investment Trusts (UITS) are responsible for the management of the UIT'S portfolio. As such, they have authority to make

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The general partners of a Unit Investment Trusts (UITS) are responsible for the management of the UIT'S portfolio. As such, they have authority to make changes in the UIT's mix of investments employed by the UIT over its lifetime. True False QUESTION 10 Normally, the general partnership stake in a Master Limited Partnership (MLP) is about 2% of the total dollar value of the MLP partnership. True False

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