Practice Quiz

FINRA Series 7

Category - Series 7

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What is represented by the net investment income of an open-end investment company?
  1. net profits from the investment company operation
  2. net gains on sales of portfolio securities
  3. dividends, interest, and net gains on sales of securities
  4. net income from dividend and interest paid on securities in the fund portfolio
Explanation
Answer: D - net income from dividend and interest paid on securities in the fund portfolio. This is the definition of net investment income, which excludes gains on sales of securities.
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