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Which of the following statements concerning a unit investment trust is correct? a. It has an...

Which of the following statements concerning a unit investment trust is correct?

a. It has an unmanaged portfolio.

b. It usually consists of common stocks.

c. It is most appropriate for young people.

d. It requires constant management attention.

Open-end funds and closed-end funds are similar except for:

a. Capitalization.

b. Objectives.

c. Regulation.

d. Investment management.
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Answer #1

Part 1:
Answer: Option a is correct
Unit investment trust has an unmanaged portfolio.

Part 2:
Answer: Option a is correct
Open-end funds and closed-end funds are similar except for capitalization.
Closed-end funds will have fixed capitalization and the capitalization will not be fixed for open-end funds

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