Mutual funds provide all of the following, except:

Group of answer choices

guaranteed returns

diversification

minimal transaction costs

flexibility

service

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Question 25 pts

A mutual fund that has the ability to issue as many shares as the investors want is called

Group of answer choices

not a good investment

open ended

open minded

closed

a balanced fund

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Question 35 pts

The net asset value (NAV) of a mutual fund is defined as:

Group of answer choices

investment fund ratio

closed end

the dollar value of a share in that mutual fund

capital gains differentiation

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Question 45 pts

An investment that is private, unregulated, charges high fees and is very risky is a __________________

Group of answer choices

good fund for first time investors

a hedge fund

all bond funds

a balanced fund

real estate investment trusts