Shares in Closed-End Funds

question 74

Multiple Choice

Shares in closed-end funds:

• A)can be resold to the fund at any time.
• B)are more popular than shares in open-end funds.
• C)may sell for more or less than the NAV.
• D)are referred to as mutual fund shares.
• E)cannot be resold.

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Definitions:

Implicit Costs

Non-monetary opportunity costs that are not directly incurred as a result of performing business activities.

Entrepreneur's Potential Earnings

The forecasted income an entrepreneur expects to earn from a business venture, taking into account both risks and opportunities.

Annual Lease

A contract or agreement that outlines the terms under which one party agrees to rent property from another party for a period of one year.

Payments to Workers

Financial remuneration provided to employees for their labor, often in the form of wages or salaries.