Gordon Indicates That He Recently Purchased Shares in an Investment

question 54

Multiple Choice

Gordon indicates that he recently purchased shares in an investment fund. The shares were purchased from another investor through his broker. He paid more than the fund's NAV. What type of fund did Gordon most likely purchase?

• A) An open-end mutual fund with a front-end load
• B) an ETF
• C) an ETN
• D) a closed-end fund

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Definitions:

Overdiagnosis

The diagnosis of a condition or disease more often than it is actually present, leading to unnecessary treatment or intervention.

Diagnostic Labels

Terms used in healthcare and psychology to classify and describe a set of symptoms that are recognized as a particular disorder or disease.

Objectivity

The quality of being unbiased, unprejudiced, and impartial in observation or judgment.

Universality

A principle that suggests certain concepts or phenomena are universal and applicable to all individuals or situations.