PFP Briefs: October 21, 2002

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Investors Get AN 'F’ on Literacy Test: Individual investors flunked an investor literacy test sponsored by Vanguard and Money Magazine, with most revealing that they barely understood how bonds worked and how mutual fund costs affected their returns. The 20-question 2002 Vanguard/Money Investor Literacy Test focused on mutual fund fundamentals, investment terminology and financial market basics.

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