Which of the Following Characteristics Apply to Closed-End Mutual Funds

question 48

Multiple Choice

Which of the following characteristics apply to closed-end mutual funds?
I.unlimited number of outstanding shares
II.transactions are between shareholders
III.Market prices may be higher or lower than NAV.
IV.Fund will repurchase shares at any time.

• A)I and IV only
• B)II and III only
• C)I, II and III only
• D)II, III and IV only

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Definitions:

P-value

A statistical measure that helps scientists determine the significance of their research results by comparing the observed data against a specific hypothesis.

P-value

A statistical measure that indicates the probability of the observed data (or something more extreme) under the assumption that the null hypothesis is true.

Null Hypothesis

A statement used in statistics that proposes no significant difference or effect.

Null Hypothesis

A statement in statistical analysis that assumes there is no significant difference or effect, serving as the default assumption to be tested against an alternative hypothesis.