Question
Which of the following statements is false? a. The purpose of investing in a closed-end or open-end mutual fund is to earn a financial return.
Which of the following statements is false? a. The purpose of investing in a closed-end or open-end mutual fund is to earn a financial return. b. Income dividends are the earnings that a fund pays to shareholders from its dividend and interest income. c. Capital gain distributions are the payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio. d. It is possible to make money on a mutual fund by purchasing shares at a high price and then selling them at a low price at a later date. e. All of the above statements are true.
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