Under the Investment Company Act of 1940, an investment company, or mutual fund company, must have minimum net assets of how much before it can issue shares to the public?

By Investopedia AAA
A:


A. $25,000

B. $50,000

C. $100,000

D. $500,000






Correct answer: C
An investment company (mutual fund) must have at least $100,000 in assets before selling shares to the public.



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