An Investment Company Will Be Treated as a "Regulated Investment

question 46

Multiple Choice

An investment company will be treated as a "regulated investment company" by the Internal Revenue Service provided that it:
I.invests almost all of its assets in bonds,stocks,and other securities.
II.invests solely in U.S.securities.
III.does not invest more than two percent of its assets in any one security.
IV.passes all its realized investment income through to its shareholders.

• A) I and III only
• B) I and IV only
• C) II and III only
• D) I, II, and IV only
• E) I, III, and IV only

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