Which One of the Following Is True with Respect to Closed-End

question 94

Multiple Choice

Which one of the following is true with respect to closed-end funds?

• A)An unlimited number of shares are available to investors.
• B)Most of the investment companies today offer closed-end funds.
• C)Shares are traded on security exchanges similar to stocks.
• D)The share prices are determined by their NAV.
• E)Investors can never sell shares to another investor.

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Definitions:

Normal Probability

Describes the likelihood of an event occurring under a normal distribution, characterized by a symmetrical, bell-shaped curve.

Poisson Distribution

A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, given a known constant rate of occurrence.

Standard Normal

A special case of the normal distribution used in statistical analysis where the mean is 0 and variance is 1.

Area

The extent or measurement of a surface, typically measured in square units.