A _________________ investment company is a mutual fund that continually sells new shares to the public or buy outstanding share from the public at a price equal to the net asset value, whereas a __________________ investment company sells a limited number of shares like other corporations but usually do not buy back outstanding shares.

Question

Quizplus · Accepted Answer

An open-end investment company is a mutual fund that continually sells new shares to the public or buy outstanding share from the public at a price equal to the net asset value, whereas a closed-end investment company sells a limited number of shares like other corporations but usually do not buy back outstanding shares. Therefore, option C is the correct choice. Options A, B, and D are unrelated to the given question.

A _________________ Investment Company Is a Mutual Fund That Continually