Absolute Free Series-6 Exam Practice for Comprehensive Preparation 

because the SEC has recently announced the fund’s registration statement effective, the client can rest assured that it is a sound long-term investment.

the SEC pronouncement on the effectiveness of the registration statement means only that the SEC has deemed that enough information has been provided in the registration statement for the client to judge the quality of the investment for himself.

because the SEC has recently approved the fund, it is likely to be a much safer investment than other, older funds in the same fund category.

Subtract operating expenses from dividend and interest income and divide the result by the number of outstanding shares.

Subtract operating expenses from the income derived from dividends, interest, and short -term capital gains earned by the fund and divide the result by the number of outstanding shares.

Add dividends, interest, and short-term and long-term capital gains earned by the fund; subtract operating expenses; then divide the result by the number of outstanding shares.