1. Yes 2. 1000

jeffrey815 (Smartiecat)
You made a distinct difference between mutual fund and stock in your question. In mutual fund, you buy it as a lump sum. Although each unit costs $10 bucks, and minimum investment is $1000, but you can buy 1005 which means 100.5 units. In stock, this is not allowed.

So when calculating dividend in mutual fund, it's based on your dollar amount, not the unit amount.

2002-1-26 -04:00

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