Closed-End Investment Companies

question 92

Multiple Choice

Closed-end investment companies

• A)are the most common type of investment companies.
• B)issue a limited and fixed number of shares.
• C)redeem their shares directly from investors.
• D)buy and sell shares at net asset value.

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Definitions:

Statement Of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how well it manages its cash position.

Cash Balance

The amount of cash held in a company's bank account and on hand at any given time.

Dividends Declared

Profits distributed by a company to its shareholders out of its earnings, based on the number of shares owned.