A unit investment trust differs from a mutual fund in that
A)
it offers a combination of debt and equity securities in the unit.
B)
its originator guarantees a redemption price.
C)
its original portfolio is generally unchanged until the trust is dissolved.
D)
it requires considerably greater portfolio management.
C
You might also like to view...
Reversing entries simplify the recording of transactions in the next period
Indicate whether the statement is true or false
The goal of SQL is to empower users with little or no query skills to be able to perform a variety of data queries.
Answer the following statement true (T) or false (F)
Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200lbs. 150lbs. Market value at split-off point$8/lb. $16/lb. Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)
A. $330. B. $264. C. $1,364. D. $796. E. $396.
Mention the causes or reasons of discontinuance or failure.
What will be an ideal response?