Which of the following is not correct for open-end mutual funds?
A) The majority of mutual funds in the U.S. are open-end mutual funds.
B) Open-end mutual funds do not allow new investors in.
C) Open-end mutual funds in the U.S. are required to redeem (buy back) outstanding shares at any time upon a shareholder request at a price based on the current value of the fund's net asset value (NAV) .
D) All of the above are correct for open-end mutual funds.
Correct Answer:
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