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Question
Which one of the following statements is correct concerning an open-end mutual fund which charges a front-end load?A. The number of shares outstanding was fixed at the time the fund was created.
B. If an investor wishes to sell her shares, she must do so by selling to another investor.
C. The NAV exceeds the offering price.
D. The load is expressed as a percentage of the NAV.
E. Investors receive the NAV when shares are sold.
Answer
This answer is hidden. It contains 16 characters.
Related questions
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