(Solution Download) The Ponzi Mutual Fund which is not registered with the

The Ponzi Mutual Fund (which is not registered with the SEC) guarantees a 2% per month (24% per year) return on your money. You have looked into the matter and found that they have indeed been able to pay their shareholders the promised return for each of the 18 months they have been in operation. What implications does this have for capital markets? Should you invest?


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