Question

.A person has 142 units of a mutual fund under the dividend reinvestment scheme. If the company declares a dividend of ` 3 per unit and the ex–dividend price is ` 71, the number of units in his account now will be​

Answer 1

Step-by-step explanation:

There are literally thousands of mutual funds out there to choose from, and most share the basic characteristics that have made them a popular investment option: Among them are liquidity, diversification, and professional management. But only some mutual funds carry another potential benefit, which is a high dividend yield. Here we take a look at how such mutual funds generate and distribute dividends to investors.

Answer 2

Answer:

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe and open-ended investment company in the UK.

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