Flammox Growth Fund, a mutual fund, issues 200 shares in the market. However, because of a sharp demand from the investors, the fund issues 350 additional shares. In this scenario, the Flammox Growth Fund is structured as a(n) _____:

Question

Quizplus · Accepted Answer

An open-end fund can issue and redeem shares at any time, allowing it to accommodate investor demand by issuing additional shares, as seen with the Flammox Growth Fund.

Flammox Growth Fund, a Mutual Fund, Issues 200 Shares in the Market