Here, most appropriate answer is option C but other two are also correct in certain situations.
In short, Your Answer would be Option D
Hope this helps!
Answer:
diversify
Explanation:
A mutual fund refers to the professionally managed investment group that funnels money for the acquisition of financial instruments from several investors.
Relative to direct investment in individual financial instruments, mutual funds have pros and cons. The main benefits of mutual funds are providing efficiencies, a better level of diversification, providing liquidity, and being proceeded by institutional investors. On the down side, the creditors will pay different costs and expenses in such a mutual fund.
Mutual funds ' main types comprise open-ended securities, investment vehicles with groups, and closed-end assets. Exchange-traded funds (ETFs) are open-end securities or funds with investment groups listed on markets. Many close-ended securities often mimic exchange-traded funds, as they can be exchanged on stock markets in order to enhance liquidity.
a. Burbank Corporation must use the mid-quarter convention to determine its cost recovery.
Answer:
It’s not always easy to catch them in the act, but if you value transparency like we do, there’s a good chance you can stop fraudulent sales activity before it’s too late.
