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

question 15

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) Investors are free to buy and sell shares at the net asset value.
• E) Its load cannot exceed 2%.

---

Definitions:

Simple Random Sample

A group selected from a broader population where every member has the same likelihood of being chosen.

Caffeinated Beverages

Beverages infused with caffeine, a substance known to boost both energy and awareness.

Wilcoxon Signed Rank Test

A non-parametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess differences in their population mean ranks.

Normal Approximation

The use of the normal distribution to approximate the distribution of sample statistics for large samples.