What are mutual funds what two broad categories of mutual, Financial Management

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What are mutual funds what two broad categories of mutual

1. Categories of Mutual Funds. What are mutual funds? What two broad categories of mutual funds exist, and how are they different? Do investors select the securities the mutual fund invests in?

2. Investing in Mutual Funds. List three reasons for investing in mutual funds.

3. NAV. What is a mutual fund's net asset value (NAV)? How is the NAV calculated and reported?

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