Which of the Following Statements Is Incorrect

question 85

Multiple Choice

Which of the following statements is incorrect?

• A) Investors can purchase shares directly from an open-end fund at any time.
• B) The number of shares of an open-end fund is always changing.
• C) Open-end funds typically maintain some cash on hand in case investments exceed redemptions.
• D) There are many different categories of open-end mutual funds.

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Definitions:

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