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16. Which of the following statements is correct? a. Open-end mutual funds are traded on the secondary market. b. Closed-end funds' shares outstanding changes as
16. Which of the following statements is correct?
a. Open-end mutual funds are traded on the secondary market. | ||
b. Closed-end funds' shares outstanding changes as investors purchase and sell shares in the fund. | ||
c. Realized capital gains on shares held by the mutual funds get distributed to investors. | ||
d. Short-term mutual fund investors prefer loads to12b-1 fees. |
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