Which of the Following Is Not a Characteristic of a Closed-End

question 93

Multiple Choice

Which of the following is not a characteristic of a closed-end mutual fund?

• A) Once the fund closes the shares of the fund trade on the stock market just like a stock.
• B) The shares may sell above NAV on the secondary market.
• C) Investors can easily sell their share back to the fund on a daily basis at NAV.
• D) The shares may sell below NAV on the secondary market.

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Definitions:

Element O

Element O refers to Oxygen, a chemical element with the symbol O and atomic number 8, essential for life and a major part of the Earth's atmosphere.

Fractured

Refers to the breaking or cracking of a material or surface, often seen in rocks or geological structures.

Cleavage

Cleavage in geology refers to the tendency of minerals to split along specific planes where the bonds are weakest, resulting in smooth, flat surfaces.

Noble Gases

A group of chemical elements with very low reactivity, including helium, neon, argon, krypton, xenon, and radon.