Which of the Following Characteristics Is True of Closed-End Funds

question 73

Multiple Choice

Which of the following characteristics is True of closed-end funds?

• A)They are not regulated.
• B)They repurchase units from investors.
• C)They are bought and sold through a mutual fund dealer.
• D)They may sell above or below NAV.

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Definitions:

Prospect's Objection

Concerns or hesitations raised by a potential customer against purchasing a product or service during the sales process.

Product Safety

The aspect of ensuring that a product will not cause harm to users or the environment, typically addressed through compliance with safety standards and regulations.

Buyer

An individual or entity that purchases goods or services.

Merchandise

Products that are bought and sold, typically in a retail environment.