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:

Pruning

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Smell Recognition

The ability to identify and distinguish between different odors, an important aspect of sensory perception in humans and many animals.

Nuzzled

A gentle or affectionate rubbing or pushing of one's nose or face against someone or something.

Neonate's Vision

The visual capabilities and limitations of a newborn baby.