Which of the following securities is traded only in the over-the-counter market?
A)corporate bonds
B)preferred stocks
C)open-end investment companies
D)closed-end investment companies

Question

Quizplus · Accepted Answer

open-end investment companies. Open-end mutual funds are a continuous offering of new securities that are not traded on an exchange. They trade only in the over-the-counter market. The other choices may trade over-the-counter or on exchanges.

Which of the Following Securities Is Traded Only in the Over-The-Counter