Investors Purchase Shares in an Open End Mutual Fund Directly

question 12

True/False

Investors purchase shares in an open end mutual fund directly from the fund.

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Definitions:

Volume

The amount of space occupied by an object as measured in cubic units.

Improper Fraction

A fraction in which the top number is greater than or equal to the bottom number.

Mixed Fraction

A mathematical expression combining a whole number and a proper fraction.

Mixed Fraction

A number consisting of an integer and a proper fraction (e.g., 3 1/2).