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:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord.

Sensory Messages

Signals transmitted by sensory receptors to the brain or spinal cord, conveying information about the environment.

Motor Commands

refer to signals from the brain or spinal cord that direct muscles to contract or relax, enabling movement.

Meningitis

An inflammation of the meninges, the protective membranes covering the brain and spinal cord, that can be caused by viruses, bacteria, or other microbes.