Which of the following characteristics is not true of closed-end funds?
A) They can be load or no-load funds.
B) They do not repurchase shares from investors.
C) They are bought and sold on stock exchanges.
D) They may sell above or below NAV.
Correct Answer:
Verified
Q5: Two advantages of investing in mutual funds
Q14: Which of the following is not a
Q18: No-load mutual funds sell directly to investors
Q20: On average, mutual funds have an expense
Q21: The amount by which a closed-end fund's
Q23: The _ is the market value of
Q25: To calculate the NAV, the market value
Q36: An open-end mutual fund may do all
Q37: Regarding load and no-load mutual funds,
A) load
Q40: Existing shares of closed-end mutual fund companies
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