The Price Per Unit for a Closed-End Mutual Fund Can

question 116

True/False

The price per unit for a closed-end mutual fund can differ from the fund's NAV per unit.

---

Definitions:

Water Molds

Water molds, or Oomycetes, are a group of filamentous, fungus-like organisms living in water or damp environments, often causing diseases in plants and fish.

Flagellum

A slender, whip-like appendage that enables many protozoa, bacteria, and spermatozoa to swim.

Microvilli

Minute projections of the plasma membrane that increase the surface area of the cell; found mainly in cells concerned with absorption or secretion, such as those lining the intestine or the kidney tubules.

Choanoflagellate

Single-celled organisms that are considered to be the closest living relatives of animals, characterized by a flagellum surrounded by a collar of microvilli.