A Closed-End Fund Is

question 148

Multiple Choice

A closed-end fund is:

• A)a fund that generally invests only in the stocks or other securities contained in a specific stock or securities index.
• B)has only a certain number of shares available to investors when the fund is organized.
• C)professionally managed so investors need not monitor the performance of the fund.
• D)a fund whose shares are issued and redeemed by the investment company at the request of investors.
• E)one whose shares trade only at end-of-the-day prices.

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Definitions:

Independent Contracting

A working arrangement where individuals are hired to perform services for others without being considered employees, often with more autonomy in how the work is completed.

Uniform Mediation Act

A law enacted to provide a consistent legal framework for the confidentiality of mediated communications across the states that adopt it.

Mediation Privilege

A legal principle that communications made during mediation cannot be disclosed or used in court, to encourage open dialogue and settlement.

Conflicts of Interest

Situations where personal interests might interfere with the duties one has to make impartial and objective decisions.