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Each Individual Mutual Fund Hires an Investment Advisor,generally from the Management

Question 9

Multiple Choice

Each individual mutual fund hires an investment advisor,generally from the management company,who oversee the particular fund.How is this advisor paid?


A) Hourly
B) Based on a percentage of the commissions charged on an annual basis
C) Based on a percentage of the total value of the fund on an annual basis
D) Annually based on the capital gains realized by the fund
E) None of the above

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