Business, 04.06.2021 04:30, paralaw61772

All of the following statements are true for both mutual funds and variable annuities that are in the accumulation phase EXCEPT: A both are regulated a under the Investment Company Act of 1940 B the underlying portfolios are managed C both investments grow tax-deferred D the return to investors is dependent on the performance of the securities in the underlying portfolio

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All of the following statements are true for both mutual funds and variable annuities that are in th...