The correct option is (D) $22,100.
A client adds $22,100 worth of an income fund to her margin account. The client must make a deposit of $22,100.
<h3>What are mutual funds?</h3>
A mutual fund is a company that pools funds from numerous sources and invests them in securities such as stocks, bonds, and payday loans. The portfolio of a mutual fund refers to all of its investments. Mutual fund shares are purchased by investors.
Mutual funds operate by combining the funds of numerous investors. Following that, stocks, bonds, and other securities are bought with that money. Mutual funds give investors immediate diversification (and a lowered risk level) because they invest in a variety of businesses.
Since mutual fund shares are new issues sold with a prospectus, the whole purchase price must be made at the time of purchase. The position becomes marginable and has a loan value after 30 days of being kept in the account.
To know more about mutual funds, visit:
brainly.com/question/9965923
#SPJ4
