5-47 Open-end mutual funds guarantee
A) investors a minimum rate of return.
B) investors a minimum Net Asset Value (NAV) .
C) to redeem investors' shares upon demand at the daily Net Asset Value (NAV) .
D) to earn the rate of return promised in the prospectus.
E) that there will be no load charges.
Correct Answer:
Verified
Q41: 5-45 The long-term mutual fund sector includes
A)money
Q42: 5-41 Worldwide investments in mutual funds have
Q43: 5-54 An open-ended fund has stocks of
Q44: 5-50 Which of the following is one
Q45: 5-51 The returns obtained by investors of
Q47: 5-59 An investor invests $100,000 in a
Q48: 5-46 The short-term mutual fund sector includes
A)money
Q49: 5-44 The number of funds and assets
Q50: 5-49 Regarding the relative asset size and
Q51: 5-53 Open-end mutual funds
A)require that NAV consider
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