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Which of the following is NOT one of the tools used to prevent defects?
Closed-end Funds
Type of investment fund with a fixed number of shares that trade on a stock exchange, unlike open-end funds that continuously issue new shares or redeem existing shares.
Behavioral Finance
Models of financial markets that emphasize implications of psychological factors affecting investor behavior.
Conventional Financial Theory
A framework that includes principles and models for understanding financial markets, portfolio management, and investment decision-making.
Utility-maximizing Investors
Investors who strive to achieve the highest possible level of satisfaction or utility from their investment choices, based on their preferences and risk tolerance.
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