While Reviewing Mutual Fund Reports,Alex Noticed That a Fund Was

question 36

Multiple Choice

While reviewing mutual fund reports,Alex noticed that a fund was reported as "closed".What is the primary reason for closing a fund?

• A)all issued shares have been sold
• B)the fund is suffering a loss
• C)the NAV has declined noticeably
• D)the fund has grown too large in size
• E)the fund is underperforming its peers

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Definitions:

Abraham Lincoln

The 16th President of the United States, who led the country during the Civil War and is credited with preserving the Union and emancipating the slaves.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, known for his struggle with Radical Republicans over the reconstruction of the South after the Civil War.

Reconstruction Plan

Policies and programs implemented after the U.S. Civil War aimed at rebuilding the South and reintegrating Southern states into the Union.