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3 years ago

Conversion privileges, offered by many mutual fund families, refer to the ability to:_________________.

Business

1 answer:

alexandr1967 [171]3 years ago

5 0

Answer:

The correct answer is letter "B": switch from one fund to another within the same family, often without paying a commission.

Explanation:

Conversion privileges or exchange privileges are opportunities for mutual fund investors to change from one fund to another fund in the same family. Most fund companies will charge investors a reasonably low fee or in some cases, there are no charges at all.

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Answer:

c. To focus on establishing a brand name

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4 years ago

A corporation declares and distributes a 20% stock dividend at a time when there are 10,000 shares outstanding (before the divid

quester [9]

Answer:

$40,000

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

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Value is calculated using market value of the stock

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Journal Entry will be as follow

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4 years ago

Conversion​ privileges, offered by many mutual fund​ families, refer to the ability​ to:_________________.

Conversion privileges, offered by many mutual fund families, refer to the ability to:_________________.