All of the following are true of open$-$ended funds, except:

Multiple Choice

The major disadvantage of open$-$ended funds is the cost of buying and selling shares.

An open$-$end fund is a mutual fund whose shares are issued and redeemed by the investment company at the request of investors.

Most open$-$end funds provide their investors with a wide variety of services.

Shares of open$-$end funds have a variety of costs.

The price you pay for a share in an open$-$end fund is referred to as the net$-$asset value.