Question Which one of the following statements regarding open$-$end mutual funds is false?

Question $10$Answer

a$.$

The funds offer investors a guaranteed rate of return.

b$.$

The funds offer investors professional management.

c$.$

The funds redeem shares at net asset value.

d$.$

The funds redeem shares at net asset value and offer investors professional management.

e$.$

The funds offer investors professional management and a guaranteed rate of return.