Which of the Following Is Correct for a Closed-End Fund

question 77

Multiple Choice

Which of the following is correct for a closed-end fund?

• A) It is not traded on a securities exchange.
• B) The price of its shares is determined by supply and demand, by the value of stocks in the portfolio, and by investor expectations.
• C) It is not actively managed by professional fund managers.
• D) Its price is equal to the net asset value.
• E) Its load cannot exceed 2%.

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Definitions:

Peripheral Vascular Dysfunction

Disorders affecting the blood vessels outside of the heart and brain, potentially leading to reduced blood flow and associated health issues.

Acute Confusion

A sudden onset of disorientation or impaired consciousness, often reflecting an underlying medical, neurological, or psychiatric condition.

Presbycusis

Age-related hearing loss, typically affecting higher frequencies, common in older adults.

Hyperopia

A condition often called farsightedness, where distant objects can be seen clearly but close ones do not come into proper focus.