Practice Quiz

FINRA Series 7

Category - Series 7

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The net investment income of an open-end investment company represents:
  1. net income from dividends and interest paid on securities in the fund’s portfolio
  2. net gains on sales of portfolio securities
  3. dividends, interest, and net gains on sales of securities
  4. net profits from the investment company operation
Explanation
Answer: A - net income from dividends and interest paid on securities in the fund’s portfolio. Net investment income is dividends and interest but not capital gains.
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