Which One of the Following Statements Regarding Closed-End Mutual Funds

question 27

Multiple Choice

Which one of the following statements regarding closed-end mutual funds is false?

• A) The funds always trade at a discount from NAV.
• B) The funds redeem shares at their net asset value.
• C) The funds offer investors professional management.
• D) The funds always trade at a discount from NAV and redeem shares at their net asset value.
• E) None of the options are correct.

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Definitions:

Industrialization

The process of transforming economies to large-scale manufacturing and technological advancements, shifting from agrarian to industrial sectors.

Middle-Class Children

Children raised in socioeconomic conditions characterized by moderate financial stability and access to education.

Adolescence

The transitional stage of development between childhood and adulthood, characterized by physical, psychological, and social changes.

Cult of Domesticity

A value system among the upper and middle classes during the 19th century in the United States and Great Britain that emphasized new ideals of femininity, piety, and the role of women as keepers of the home.