Which of the Following Facts Concerning Open-End Mutual Funds Is

question 4

Multiple Choice

Which of the following facts concerning open-end mutual funds is false?

• A) The number of shares is fixed.
• B) Open-end funds are typically created by investment advisory firms.
• C) Open-end funds stand ready to repurchase shares every trading day.
• D) An open-end fund can never sell for a premium or a discount.
• E) Open-end mutual funds are owned by shareholders.

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Definitions:

Leucine

an essential amino acid used in the biosynthesis of proteins, important for muscle repair and growth.

Poly-A Tail

The string of adenine nucleotides added to the 3' end of a newly synthesized pre-mRNA molecule, playing a role in mRNA stability and translation.

mRNA Export

mRNA export is the process by which mRNA molecules are transported from the nucleus to the cytoplasm following transcription, preparing them for translation into proteins.

Nucleus

The membrane-bound organelle in eukaryotic cells that contains the cell's genetic material and controls its activities.