Most Mutual Funds Are Structured in Two Ways

question 9

Multiple Choice

Most mutual funds are structured in two ways.The most common structure is a(n) ________ fund,from which shares can be redeemed at any time at a price that is tied to the asset value of the fund.A(n) ________ fund has a fixed number of nonredeemable shares that are traded in the over-the-counter market.

• A) closed-end; open-end
• B) open-end; closed-end
• C) no-load; closed-end
• D) no-load; load
• E) load; no-load

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