Mutual Funds in Which a Fixed Number of Nonredeemable Shares

question 56

Multiple Choice

Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market,like shares of common stock,are called

• A)open-end funds.
• B)close-end funds.
• C)OTC funds.
• D)primary-issue funds.

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