27) Distinguish between an open-end fund and a closed-end fund.

		An open-end fund is always open during the day; a closed-end fund can sometimes close during the day.
		An open-end fund isssues new shares as new money is recceived; a closed-end fund only issues shares one tine.
		An open-end fund is never liquid; a closed-end fund is sometimes liquid
		All of the above