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    Business
  3. Study Set
    Modern Portfolio Theory
  4. Exam
    Exam 5: Evaluating the Investment Process
  5. Question
    Mutual Funds Are Subject to a Single Set of Tax
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Mutual Funds Are Subject to a Single Set of Tax

Question 3

Question 3

True/False

Mutual funds are subject to a single set of tax rules.To avoid taxes,mutual funds must distribute by December 31st 98% of all ordinary income earned during the calendar year and 98% of all realized net capital gains earned during the previous 12 months ending October 31st.

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