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Author Question: Which of the following is not a characteristic of a closed-end mutual fund? (Read 128 times)

KWilfred

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on: Apr 14, 2019

Question 1

How much money would you need to purchase 400 shares of a mutual fund with an NAV of $55 per share and a 3% load?


◦ $22,000
◦ $21,450
◦ $23,200
◦ $22,660

Question 2

Which of the following is not a characteristic of a closed-end mutual fund?


◦ Once the fund closes the shares of the fund trade on the stock market just like a stock.
◦ The shares may sell above NAV on the secondary market.
◦ Investors can easily sell their share back to the fund on a daily basis at NAV.
◦ The shares may sell below NAV on the secondary market.
Personal Finance ¦ Madura ¦ 6th Edition
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Marked as best answer by KWilfred on Apr 14, 2019

chinwesucks

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KWilfred

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Reply 2 on: Apr 14, 2019
YES! Correct, THANKS for helping me on my review

Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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