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The investment approach of one of T. Rowe Price's mutual funds is: "Reflecting a value approach to investing, the fund will seek the stocks of companies whose current stock prices do not appear to adequately reflect their underlying value as measured by assets, earnings, cash flow, or business franchises." This fund is a(n):

Respuesta :

Answer:

Active fund

Explanation:

Active funds refer to the fund in which the expertise and a lot of research are required with respect to whether the investment should be hold or not. It could be changed in terms of performance, and the market conditions

Therefore according to the given situation, since the current stock price do not display the underlying value with respect to the assets, earnings, cash flow, etc

So this represents the active fund