Which One of the Following Is a Common Characteristic of a Closed-End

question 57

Multiple Choice

Which one of the following is a common characteristic of a closed-end fund but not of an open-end fund?

• A)professional management
• B)annual fees
• C)stated objective
• D)discounted price
• E)taxable distributions

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Definitions:

Population Mean

The average of a set of characteristics, quantities, or values for all individuals or items in a defined population.

Population Variance

A measure of how data points in a population are spread out from the mean.

T Distribution

A type of probability distribution that is symmetrical and bell-shaped like the normal distribution but has heavier tails, used especially for small sample sizes.

Degrees Of Freedom

The total count of values that can change in the ultimate calculation of a statistical figure.