A Fund Has a NAV of $30 Per Share but the Shares

question 4

Multiple Choice

A fund has a NAV of $30 per share but the shares are currently selling for $32. This fund must be

• A)an open-ended fund.
• B)a closed-end fund.
• C)a balanced fund.
• D)an aggressive growth fund.
• E)a money market mutual fund.

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Definitions:

Superordinate Goals

Shared objectives that require cooperation among individuals or groups, often leading to reduced conflict.

Mere Exposure Effect

A psychological phenomenon by which individuals develop a preference for people or things simply because they are familiar with them.

Altruism

The selfless concern for the well-being of others.

Blaming the Victim

The unjust practice of holding the victim of a crime or misfortune responsible for their own hardship.