Which One of the Following Is a Common Characteristic of a Closed-End

question 57

Multiple Choice

Which one of the following is a common characteristic of a closed-end fund but not of an open-end fund?

• A)professional management
• B)annual fees
• C)stated objective
• D)discounted price
• E)taxable distributions

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers.

Current Ratio

A financial metric assessing a firm's capacity to settle debts due within a year by comparing its current assets to its current liabilities.

Vertical Analysis

The presentation of a company’s financial statements in common-size form.

Horizontal Analysis

A side-by-side comparison of two or more years’ financial statements.