Question
On a particular trading day you purchased $1,000 of a fund with quote listed at $20.50. The next day you found out the purchase price
On a particular trading day you purchased $1,000 of a fund with quote listed at $20.50. The next day you found out the purchase price you paid was actually $20.25. The security you purchased is:
| A publicly trade closed-end fund | ||
| A mutual fund | ||
| A exchange traded note (ETN) | ||
| An exchange traded fund (ETF) |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
