Series 6 - Investment Company And Variable Contracts Products Representative Exam
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A money market fund must include the following information in a quotation of yield
Current yield
A
Tax-equivalent yield
B
A guarantee by the Federal Deposit Insurance Corporation
C
A statement that confirms it is impossible to lose money by investing in a money market fund
D
Explanations
Only current yield is required for any quotation of yield in a money market fund. In a tax-free money market fund, both tax-equivalent and current yields are shown.