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Which of the following statements about mutual funds is true? a.Mutual funds are only invested in stocks. b.The administrative cost of index funds are higher

Which of the following statements about mutual funds is true?

a.Mutual funds are only invested in stocks.

b.The administrative cost of index funds are higher than those for actively managed funds.

c.The composition of the assets in most mutual funds is similar.

d.Mutual funds indexed to a broad stock market indicator have generally earned a higher annual return than actively managed funds.

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