SIE Exam Practice Question 515

Question: 515

A mutual fund has been seeking to attract new customers to invest in its growth fund. They have been running an advertising campaign that markets them as a diversified mutual fund. How much of any one company may they own?

Correct Answer: C

Explanation:

C: A mutual fund calling itself a diversified fund is limited to owning no more than 10% of any one company.

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