Choose the Word or Phrase in [ ] Which Will

question 47

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Open-end | Closed-end] mutual funds always redeem shares at NAV.

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Definitions:

IFRS 3

The International Financial Reporting Standard that deals with the accounting for business combinations, requiring assets, liabilities, non-controlling interest, and goodwill to be accounted for at fair value.

Mutual Entities

Organizations owned by their members, profits are distributed among them or used to reduce costs.

Transactions Costs

Transactions costs are the costs incurred in buying or selling a security or asset, which may include brokers' fees, taxes, and other charges.

Brokerage Fees

Fees charged by a broker to execute transactions or provide specialized services.