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Chapter Overview
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AFTER STUDYING THIS CHAPTER YOU SHOULD BE ABLE TO:

  • Cite advantages and disadvantages of investing with an investment company rather than buying securities directly.
  • Contrast open-end mutual funds with closed-end funds and unit investment trusts.
  • Define net asset value and measure the rate of return on a mutual fund.
  • Classify mutual funds according to investment style.
  • Demonstrate the impact of expenses and turnover on mutual fund investment performance.







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