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2. Which statement is TRUE a) The fund has to pay taxes on the dividends, capital gains, and interest it receives b) If you have

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2. Which statement is TRUE a) The fund has to pay taxes on the dividends, capital gains, and interest it receives b) If you have owned shares in the fund for a long time, then any capital gains distribution you receive will be considered long term c) Closed-end funds trade at its Net Asset Value d) Closed-end funds have a fixed number of shares 3. Suppose a fund has $ 100 million in assets and 5 million shares at the beginning of the day so TAIT A Ti t hn do the walue of the fund fell by 29, but investors deposited

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