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:

Fire Department

A public or private organization that provides emergency firefighting and rescue services to protect people and property from fire and other hazards.

Reflective Thinkers

Individuals who critically analyze their beliefs and experiences to gain deeper understanding.

Certainty

The state of being sure or confident about something, often without doubt or question.

Valid

Holding logic or fact; sound; legally binding.