Examlex
Who among the following is an example of a free rider?
Net Asset Value
The value per share of a mutual fund or ETF, calculated by dividing the total value of all the securities in the portfolio, minus liabilities, by the number of shares outstanding.
Closed-end Fund
A type of investment fund with a fixed number of shares that are traded on a stock exchange, unlike open-end funds that can issue or redeem shares at any time.
Net Asset Value
The total value of a fund's assets minus its liabilities, often used to determine the price of a share of a mutual fund or an exchange-traded fund.
Open Market
An economic environment that allows for the free exchange of goods and services between willing parties without undue restrictions.
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