An Open-End Investment Company

question 18

Multiple Choice

An open-end investment company

• A) is involved in all trades of its shares.
• B) sells shares at a discounted NAV price.
• C) trades like a stock on the exchanges.
• D) has a set number of shares.

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Definitions:

Quoted

Refers to the listed price of a security or asset in the financial market.

Treasury Bond

A Treasury bond is a long-term government debt security with a maturity of more than ten years, issued by the U.S. Department of the Treasury, and is backed by the U.S. government's credit.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment of bonds.