17-45 Liquidation of a mutual fund causes assets to be liquidated and funds received to the dispersed to shareholders on a first come,first served basis.

Name: 17-45 Liquidation of a mutual fund causes assets to be liquidated and funds received to the dispersed to shareholders on a first come,first served basis.
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Question

Quizplus · Accepted Answer

Liquidation of a mutual fund involves selling off the fund's assets and distributing the proceeds to all shareholders proportionally, not on a first come, first served basis.

17-45 Liquidation of a Mutual Fund Causes Assets to Be