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Question
Which of the following observations is true of open-end mutual funds?
A. They have a fixed number of shares outstanding.
B. The value of shares changes with the demand for the fund by investors.
C. Investors buy and sell shares on a stock exchange.
D. The demand for shares determines the number outstanding.
E. Shares may trade at a premium or discount.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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A. separated commercial banking from insurance activities.
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C. stipulated that insurance companies are to be regulated at the state level.
D. initiated a national insurance guaranty fund.
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A. has publicly-traded common stock.
B. provides equity funds to companies that already have publicly traded common stock.
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