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:

New Consideration

In contract law, additional or different terms, conditions, or considerations offered upon renegotiating or amending an existing agreement.

Matured

A term referring to something that has fully developed, often used in financial contexts to denote investments that have reached their period of full growth or return.

Undisputed Debt

A financial obligation that the debtor acknowledges and does not contest the validity of.

Legally Sufficient

Adequate to meet the required standards of law, usually referring to evidence or grounds for action.