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Dual-purpose income funds
Seeks long-term capital appreciation and preservation of capital, and current income and long-term growth of income, primarily by investing in dividend-paying common stocks and interest-bearing securities. Income shares have priority on redemption.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
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