Which of the Following Refers to the Process Used to Determine

question 18

Multiple Choice

Which of the following refers to the process used to determine the value of mutual fund shares each per day?

• A)Directed brokerage.
• B)Marking-to-market.
• C)Late trading.
• D)Market timing.
• E)Spinning.

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Definitions:

Profits

Net income obtained from a business's operations after subtracting expenses from revenue.

Ethical Development

The process of enhancing and enriching one’s understanding and practice of ethical standards in personal and professional contexts.

Duty

A moral or legal obligation; in commerce, it typically refers to a tax imposed on imports or exports.

Expectations

The beliefs or hopes about what is possible or likely to happen in the future.