Which One of the Following Statements Is Correct Concerning an Open-End

question 21

Multiple Choice

Which one of the following statements is correct concerning an open-end mutual fund which charges a front-end load?

• A)The number of shares outstanding was fixed at the time the fund was created.
• B)If an investor wishes to sell her shares, she must do so by selling to another investor.
• C)The NAV exceeds the offering price.
• D)The load is expressed as a percentage of the NAV.
• E)Investors receive the NAV when shares are sold.

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Definitions:

Goblet Cells

are mucus-secreting cells found in the epithelial linings of respiratory and intestinal tracts, helping to protect and lubricate the surfaces.

Epithelial Tissue

One of the four basic types of tissue, forming the protective covering or lining of many body surfaces and cavities.

Visceral Pleurae

The visceral pleurae is a membrane that covers the lungs and dips into the spaces between the lobes, forming part of the pleural sac that aids in optimal lung function.

Parietal Pleura

The outer membrane that lines the inner surface of the chest wall and diaphragm in the thoracic cavity.