An open-end fund is defined as an investment fund that sells:
A)an elastic number of shares to outside investors
B)a fixed number of shares to an elastic number of outside investors
C)an elastic number of shares to outside investors, but that never buys back any of these shares
D)a fixed number of shares to an elastic number of outside investors, but that never buys back any of these shares

Question

Quizplus · Accepted Answer

An open-end fund is a mutual fund that issues an unlimited number of shares to the public and buys back any shares an investor wishes to sell, meaning it sells an elastic number of shares to outside investors.

An Open-End Fund Is Defined as an Investment Fund That