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:

Extra Y Chromosome

Having an extra Y chromosome is a genetic condition in males, known as XYY syndrome, which may be associated with tall stature and learning difficulties but most individuals lead normal lives.

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The frequency at which a particular event or phenomenon happens within a specified interval of time.

Visual-Spatial Skills

The capacity to understand, reason, and remember the visual and spatial relationships among objects or space.

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A chromosomal disorder found among females that is caused by having a single X sex chromosome and is characterized by infertility.