For your investment program, you have occasionally been holding a few stocks that you purchased from various brokers. Based on this, which advantages of mutual funds would be appealing to you?

A) Diversification
B) Professional management
C) Avoidance of bad brokers
D) only A and C
E) A, B, and C

Answer: E

Business

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A project manager is using the payback method to make the final decision on which project to undertake. The company has a 10% required rate of return and expects a 4% rate of inflation for the following four years

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