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Which of the following statements concerning target date mutual funds is correct? (A) Asset...

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Accounting

Which of the following statements concerning target date mutual funds is correct? (A) Asset allocations by these funds are made on the basis only of time horizon. (B) Asset allocations for target funds with the same target must be the same. (C) Asset allocations will change in these funds as retirement approaches. (D) Asset allocations for these funds will change as the market conditions change.

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