Which One of the Following Is True with Respect to Closed-End

question 83

Multiple Choice

Which one of the following is true with respect to closed-end funds?

• A) Shares are issued whenever an investor wants to purchase them.
• B) Most of the funds today are closed-end.
• C) Shares are traded on stock exchanges similar to stocks.
• D) Shares always trade at NAV.
• E) Investors redeem their shares by selling them directly to the fund.

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Definitions:

Motivational Interviewing

A counseling approach designed to strengthen personal motivation for and commitment to a specific goal by eliciting and exploring individual reasons for change.

Engaging Phase

A period during which one becomes involved or interested in an activity or process.

Focusing Phase

A stage in problem-solving or discussion where attention is concentrated on a specific issue or set of issues.

Evoking Phase

A stage in motivational interviewing aimed at eliciting an individual's own motivations for change by exploring and resolving ambivalence.