Which of the Following Observations Is True of Open-End Mutual

question 78

Multiple Choice

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.

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Definitions:

Beneficiaries

Individuals or entities designated to receive benefits or assets from a will, trust, insurance policy, or other legal instrument.

Undue Influence

The situation in which one person takes advantage of his or her dominant position in a relationship to unfairly persuade the other person and interfere with that person’s ability to make his or her own decision.

Testamentary Disposition

The distribution of an individual's property after death, as outlined in their will or testament.

Artificial Insemination

A medical procedure involving direct insertion of semen into a woman's uterus or cervix to facilitate pregnancy.