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

By Peter Cherewyk 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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