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guapka [62]
2 years ago
12

Aggregation to qualify for a breakpoint is not available to: a a group of family members in the same household that aggregates i

nvestment funds b a single individual who has an accumulated position in a fund and who is making an additional purchase c an investment club that purchases different mutual funds within the same fund family d an individual who purchases funds with different investment objectives in the same fund family review
Business
1 answer:
kogti [31]2 years ago
5 0

Aggregation to qualify for a breakpoint is not available to an investment club that purchases different mutual funds within the same fund family. This is further explained below.

<h3>What is the investment?</h3>

Generally, an item purchased or invested in with the purpose of increasing one's wealth and preserving one's financial resources from the hard-earned income or appreciation

In conclusion, An investing club that acquires mutual funds from the same fund family is not eligible for aggregation to qualify for a breakpoint.

Read more about investment

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Answer:

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On June 1st, the $3,000 would buy 7,500 Swiss francs (3,000/0.4).

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On January 1st, each Swiss francs could only purchase $0.30 while on June 1st, each Swiss francs could purchase $0.40.

These show that the Swiss francs had appreciated in value relative to the US Dollars with a positive change of 33%.  Therefore, the dollar had weakened against the Swiss francs by the same rate.

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2 years ago
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