Which Type of Mutual Fund Invests Primarily in Corporate Bonds

question 111

Multiple Choice

Which type of mutual fund invests primarily in corporate bonds with maturities between 5 and 10 years?

• A)junk bond fund
• B)intermediate corporate bond fund
• C)municipal bond fund
• D)short-term government bond
• E)world bond fund

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Definitions:

Process Cost Accounting

An accounting method used to assign production costs to products based on processes or departments, useful in mass production environments.

Materials Account

An account used in bookkeeping to track costs of raw materials during an accounting period.

FIFO Method

The FIFO (First-In, First-Out) method is an inventory valuation strategy where the oldest inventory items are sold or used first.

Weighted Average Method

The weighted average method is an inventory costing approach that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period.