One Can Purchase Shares in a Closed-End Mutual Fund

question 65

Multiple Choice

One can purchase shares in a closed-end mutual fund

• A)from shareholders.
• B)directly from the fund at all times.
• C)directly from the fund at inception.
• D)A and C

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Definitions:

Operating Activities

Business activities related to the day-to-day functions of a company involved in producing income, such as sales and administration.

Financing Activities

Financial transactions primarily concerned with how a business finances its overall operations and growth by using different sources of funds.

Cash Equivalents

Short-term, highly liquid investments that can be quickly converted into a known amount of cash, typically with original maturities of three months or less.

Marketable Securities

Financial instruments that can be easily converted into cash, typically with short maturities and high liquidity.