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Unformatted text preview: traded on the open market, and are not registered with the Securities and Exchange Commission. You cannot privately place securities unless you have first filed a Form D filing for those securities with the SEC. 2. What is a mutual fund? In what sense is it a financial intermediary? Answer:-A mutual fund represents a pool of financial resources obtained from individuals and companies, which is invested in the money and capital markets. This process represents another method for economic savers to channel funds to companies and government units that need extra funds....
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This note was uploaded on 07/15/2011 for the course FIN 510 taught by Professor Smith during the Spring '11 term at Ecole Polytechnique Fédérale de Lausanne.
- Spring '11