An investment company that issues a fixed number of shares which can only be resold in the open stock market is called a(n)________ fund.

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A closed-end fund is a type of investment company that issues a fixed number of shares which can only be resold in the open stock market. The number of shares in a closed-end fund remains constant, unlike an open-end fund where new shares can be created or existing shares can be redeemed based on customer demand. Hedge funds, public funds, and market funds do not necessarily have a fixed number of shares, and open-end funds allow for the creation and redemption of shares based on customer demand.

An Investment Company That Issues a Fixed Number of Shares