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

question 78

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 security exchanges similar to stocks.
• D)The share prices are determined by their NAV.
• E)Investors redeem their shares by selling them directly to the fund.

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