An Open-End Mutual Fund Has a Fixed Number of Shares

question 132

True/False

An open-end mutual fund has a fixed number of shares which are sold by the mutual fund at its inception.

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Definitions:

Syllogism

A form of deductive reasoning that arrives at a conclusion based on two premises, where each shares a common term.

Premise

A statement or idea that is accepted as a truth and serves as the basis for an argument or reasoning.

Conclusion

The statement that follows logically from the premises in an argument.

Distribution Requirements

The specific courses or subject areas students must complete to fulfill the breadth of knowledge required for a degree.