Which One of the Following Statements About Returns Reported by Mutual

question 32

Multiple Choice

Which one of the following statements about returns reported by mutual funds is not correct?

• A) Reported returns are net of management expenses.
• B) Reported returns are net of 12b-1 fees.
• C) Reported returns are net of brokerage fees paid on the fund's trading activity.
• D) None of these options. (All of the items are included in reported returns.)

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Definitions:

Polar Molecule

A molecule featuring a distribution of electrical charge leading to one end being slightly positive and the other end slightly negative.

Molecular Polarity

This concept describes the distribution of electrical charge over the atoms joined by chemical bonds in a molecule, determining the molecule’s overall polarity.

Polar Molecule

A molecule with an uneven distribution of charge due to differences in electronegativity between bonded atoms, resulting in a dipole moment.

Molecular Polarity

A characteristic of a molecule with uneven distribution of electron density, resulting in the molecule having a positive end and a negative end.