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Vesnalui [34]
3 years ago
7

If an investor is seeking capital gains and income from their investments, what type of investment would BEST suit these objecti

ves?
(A) The purchase of a block of growth stock
(B) The deposit of funds into a money market account
(C) The purchase of a mutual fund heavily invested in equity securities.
(D) The purchase of STRIPs on U.S. Treasury Securities
Business
1 answer:
Yuliya22 [10]3 years ago
6 0

Answer:

The correct answer is letter "C": The purchase of a mutual fund heavily invested in equity securities.

Explanation:

A mutual fund is a collective investment that puts together the money of a large number of investors to purchase a variety of securities like stock or bonds. When a share of a mutual fund is bought, a small stake of all investments included in that fund is gotten. Mutual funds give individual investors access to well-managed portfolios at a low price.

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Answer:

$9,3

Explanation:

                             COST    RETAIL    RATIO

Inventory, May 1 $10,440        $14,500 .72

Purchases           31,550            42,900

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Purchase discounts

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Net markdowns                           (1,300)

Totals excluding beginning inventory

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Goods available $43,740          59,500

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Inventory, May 31                         $13,000

Estimated inventory, May 31

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