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QUESTION 9 Closed-end fund shares most commonly sell: a. At the fund's net asset value. b. At a premium to the fund's net asset value.
QUESTION 9
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Closed-end fund shares most commonly sell:
a. At the fund's net asset value.
b. At a premium to the fund's net asset value.
c. At a discount to the fund's net asset value.
d. At a price-to-earnings ratio between 15 and 16 times.
QUESTION 10
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Smith Funds are a group of equity mutual funds that include Smith Growth, Smith Emerging Market, and Smith Balanced. The group of funds is most likely referred to as:
a. Exchange-traded funds.
b. Unit investment trusts.
c. Family of funds.
d. Real estate investment trusts.
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