A Mutual Fund in Which Shares Are Issued Only When

question 113

Multiple Choice

A mutual fund in which shares are issued only when the fund is organized is called a ________ fund.

• A)closed-end
• B)open-end
• C)load
• D)no-load
• E)convertible

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Definitions:

Profitable

A financial state where revenues exceed expenses, generating a positive financial gain from business operations.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Deontological Thinker

An individual who bases ethical decision-making on fixed moral rules or duties, regardless of the outcomes these decisions may produce.

Kant

Immanuel Kant, an 18th-century German philosopher renowned for his work in ethics, epistemology, and metaphysics, emphasizing duty, moral law, and the categorical imperative.