____ funds do not normally repurchase their shares from investors.
A)Closed-end
B)Load mutual
C)No-load mutual
D)Open-end mutual

Question

Quizplus · Accepted Answer

Closed-end funds issue a fixed number of shares that are traded on an exchange, and do not typically buy back those shares from investors. Open-end mutual funds, on the other hand, continually issue and redeem shares based on investor demand. Load and no-load funds refers to the fees charged by funds, and are not directly related to whether a fund is open- or closed-end.

____ Funds Do Not Normally Repurchase Their Shares from Investors