Please help 13-15

Small-cap funds: a. generally focus on dividend-paying stocks. b. focus more on capital appreciation than on current income. c. are defined as the smallest 20 percent of all funds based on total asset value. d. are defined as the 20 percent of funds with the smallest NAVs. e. are generally also classified as equity income funds. An investment company: a. specializes in investing funds on behalf of a financial institution. b. is a closed-end fund that invests in real estate. c. pools funds from individual investors. d. is a specific type of a bank. e. is a specialized form of a joint stock company. An investment company that will repurchase shares at any time is called a(n)____fund. a. hedge b. closed-end c. open-end d. public e. exchange traded