Which of the following statements best describes mutual funds? Select one: O a. They provide good investment returns, but insufficient diversification. O b. They enable investors to buy many shares of...

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Extracted text: Which of the following statements best describes mutual funds? Select one: O a. They provide good investment returns, but insufficient diversification. O b. They enable investors to buy many shares of stock in a single firm at a lower cost than using a stockbroker. O C. They are illegal in the United States, but popular in Canada O d. They appeal only to wealthy investors O e. They enable many investors with limited funds to buy a diversified portfolio.