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Which of the Following Characteristics Apply to Closed-End Mutual Funds

question 79

Multiple Choice

Which of the following characteristics apply to closed-end mutual funds?
I.unlimited number of outstanding shares
II.transactions between shareholders
III.market prices may be higher or lower than NAV
IV.fund repurchase of shares at any time


Definitions:

Competitive Pressures

The forces in a market that impact the competitiveness, including rivalry among existing competitors and the threat of new entrants.

Career Management

The ongoing process of setting personal career goals and planning steps toward achieving them, often involving skill development and job search strategies.

Personality

The convergence of qualities and characteristics that form a person's distinctive individuality.

Immediate Environment

The immediate surroundings, conditions, or influences affecting an individual or entity at a given time.

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