Which of the Following Observations Is True of Open-End Mutual

question 78

Multiple Choice

Which of the following observations is true of open-end mutual funds?

• A)They have a fixed number of shares outstanding.
• B)The value of shares changes with the demand for the fund by investors.
• C)Investors buy and sell shares on a stock exchange.
• D)The demand for shares determines the number outstanding.
• E)Shares may trade at a premium or discount.

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Definitions:

Internal Applications

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The quantity of goods and materials on hand in a warehouse or stockroom at any given time.