Which of the Following Is Not a Characteristic of a Closed-End

question 93

Multiple Choice

Which of the following is not a characteristic of a closed-end mutual fund?

• A) Once the fund closes the shares of the fund trade on the stock market just like a stock.
• B) The shares may sell above NAV on the secondary market.
• C) Investors can easily sell their share back to the fund on a daily basis at NAV.
• D) The shares may sell below NAV on the secondary market.

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Definitions:

Hands-Free Mode

A feature on devices that allows users to operate them without using their hands, often through voice commands or automation.

Device Pairing

The process of connecting two devices over a wireless protocol to enable them to communicate directly, such as through Bluetooth.

Smartphone

A device that has more capabilities than a cell phone, such as Internet connectivity, GPS tracking, running apps, taking pictures, playing music, or connecting wirelessly to other devices.

Driving

The operation of controlling a vehicle's movement and direction.