Which One of the Following Statements Correctly Relates to Closed-End

question 4

Multiple Choice

Which one of the following statements correctly relates to closed-end funds?

• A)Closed-end funds must sell at the NAV or above.
• B)The number of shares outstanding changes on a daily basis as shares are sold and repurchased.
• C)Shares in closed-end funds must be held until the funds mature.
• D)A new investor is unable to purchase shares in a closed-end fund.
• E)Shares of closed-end funds trade just like stocks.

---

Definitions:

Politicians

People who are actively involved in politics, especially those holding or seeking elected offices, making decisions that affect public policy and governance.

Contemporary American Society

Refers to the social, economic, political, and cultural dynamics and issues present in the United States during the late 20th and early 21st centuries.

Geographic Space

An area or extent that can be measured, described, or defined, often in terms of physical geography.

Shoplifted

The act of stealing goods from a retail establishment without paying for them.