Shares in Open-End Funds Are ________ While Shares in Closed-End

question 10

Multiple Choice

Shares in open-end funds are ________ while shares in closed-end funds are ________.

• A)redeemable; not redeemable
• B)not redeemable; redeemable
• C)front load; no-load
• D)no-load; front load

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Definitions:

Partnership Profits

The net earnings distributed among partners in a business partnership according to the agreed-upon terms.

Total Distribution

The total amount of income distributed to investors, including dividends and other payouts, from an investment over a specific period.

Certified General Accountant

A professional designation for accountants that signifies expertise in financial accounting and strategic management.

Billable Hours

The amounts of an employee's work time that can be charged to a client, typically used in legal and consulting professions.