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FINRA Series 7

Category - Series 7

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If a mutual fund has invested its assets by allocating about one-third each for bonds, preferred stocks, and common stocks, it is identified as:

an income fund
a specialized fund
a balanced fund
a unit investment trust fund

Explanation

Answer: C - a balanced fund. A balanced fund varies its investments among these categories of holdings.

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FINRA Series 7

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FINRA Series 7

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