While Reviewing Mutual Fund Reports, Allen Noticed That a Fund

question 41

Multiple Choice

While reviewing mutual fund reports, Allen noticed that a fund was reported as "closed". What is the primary reason for closing a fund?

• A)all issued shares have been sold
• B)the fund is suffering a loss
• C)the NAV has declined noticeably
• D)the fund has grown too large
• E)the fund is underperforming its peers

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Definitions:

Interests and Values

Personal preferences and principles that guide an individual's decisions and behavior.

Decision Consequence

The outcome or result that follows from a decision.

Directly Affect

To have an immediate and direct impact or influence on something or someone.

Change Competency

The ability of an individual or organization to effectively manage and adapt to change, encompassing skills such as flexibility, strategic planning, and communication.