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:

Genetic Drift

A mechanism of evolution that refers to random changes in the frequency of alleles within a population over time.

Inclusive Fitness

A concept in evolutionary biology predicting an organism's genetic success based on both its own offspring's survival and the support of relatives' offspring.

Adaptation

The process by which organisms adjust to new environments or changes in their current environment.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.