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A Document That Contains Specific Information Regarding a Mutual Fund

question 36

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A document that contains specific information regarding a mutual fund, such as expenses, holdings, objective, management, etc., is called a(n) :


Definitions:

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates.

Shareholders' Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership stake of shareholders.

Interest Rate Risk

The risk that the value of an investment will decrease due to a change in interest rates.

Average Duration

The weighted average time it takes for an investor to receive all cash flows from a bond or a portfolio of bonds, factoring in the present value of those cash flows.

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