Which of the following characteristics apply to closed-end mutual funds?
I.unlimited number of outstanding shares
II.transactions are between shareholders
III.Market prices may be higher or lower than NAV.
IV.Fund will repurchase shares at any time.
A) I and IV only
B) II and III only
C) I, II and III only
D) II, III and IV only
Correct Answer:
Verified
Q31: Like ordinary stocks, exchange -traded funds (ETFs)
Q32: Which of the following statements is(are)correct concerning
Q33: Closed-end funds and exchange-traded-funds (ETFs)are both liquidated
Q34: When investors liquidate an exchange-traded fund (ETF)they
Q36: The net asset value of a mutual
Q38: The net asset value is the price
Q38: Most exchange-traded funds are index funds.
Q40: Hedge funds are subject to the same
Q40: Closed-end funds
A)hold a portfolio whose size and
Q43: Explain why closed-end funds can sell at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents