Each of the Following Is True of Mutual Funds EXCEPT

question 37

Multiple Choice

Each of the following is true of Mutual Funds EXCEPT

• A) Funds can be classified as load or no-load funds.
• B) Mutual Fund shares must be bought from or sold to the Fund by investors.
• C) An index fund is the fund with the highest expenses payable by investors.
• D) The NAV is the total value of stock held by the fund divided by the number of outstanding shares in the mutual fund.

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