Which of the Following Describes a Mutual Fund That Charges

question 197

Multiple Choice

Which of the following describes a mutual fund that charges no commission to buy or sell its shares?

• A) open-end fund
• B) closed-end fund
• C) no-load fund
• D) front-load fund

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Definitions:

Treasury Stock

Shares that were issued by a company and later reacquired. These shares do not pay dividends or have voting rights while held by the company.

Authorized Shares

Authorized shares are the maximum number of shares that a corporation is legally permitted to issue, as specified in its corporate charter.