A Characteristic of a Closed-End Fund Is That

question 52

Multiple Choice

A characteristic of a closed-end fund is that:

• A)it stands ready at all times to sell the investor new shares or buy back the old ones.
• B)the method of purchase is the stock exchange or over-the-counter market.
• C)the closed-end fund does not deal with shareholders.
• D)it trades shares at the Net Asset Value.

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Definitions:

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business operation.

Policies Disagreement

Situations where individuals or groups have conflicting opinions or interpretations regarding organizational rules or strategies.