Shares of an Open-End Fund Are Typically Purchased Through Stockbrokers,while

question 105

True/False

Shares of an open-end fund are typically purchased through stockbrokers,while closed-end fund shares are typically purchased directly from the fund.

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Definitions:

Void

Refers to a contract or legal agreement that is deemed unenforceable and having no legal effect.

Actual Authority

The express and implied powers that an agent has been legitimately granted by a principal in an agency relationship.

Exceed

To go beyond the limits or expectations of something.

Unforeseen Emergency

involves situations or events that could not have been reasonably anticipated and require immediate action to prevent or mitigate harm.