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:

Revalued Above Cost

When an asset's market value increases beyond its historical cost, leading to an adjustment in the book value.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its identifiable net assets.

Annual General Meetings

Mandatory yearly gatherings of a company's executives, directors, and shareholders to discuss the company’s performance, its future, and to vote on key issues.