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Which statement is TRUE regarding management fees imposed by mutual funds? ) B Management fees are limited to 8 1/2% of fund average net assets

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Which statement is TRUE regarding management fees imposed by mutual funds? ) B Management fees are limited to 8 1/2% of fund average net assets and are deducted from the initial investment Management fees are limited to a maximum of 1/2% of fund average net assets and are deducted when fund shares are redeemed Management fees are deducted from fund gross investment income before any dividend distributions are made Management fees are not imposed by mutual funds C D

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