Which Type of Mutual Fund Invests Primarily in High-Yield, High-Risk

question 32

Multiple Choice

Which type of mutual fund invests primarily in high-yield, high-risk corporate bonds?

• A) Junk bond fund
• B) Intermediate corporate bond fund
• C) Municipal bond fund
• D) Short-term government bond fund
• E) World bond fund

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Definitions:

Pricing Strategies

Approaches and methodologies businesses use to set the prices of their products or services based on costs, market demand, competitor prices, and other factors.

Loan Covenant

A condition in a commercial loan agreement that requires the borrower to fulfill certain conditions, or restricts certain activities, to protect the lender's interests.

Accounting Measure

A quantifiable financial metric used to assess a company's performance or financial health, based on accounting records.

Financial Statements

Reports that summarize the financial condition and operations of a business.