Indicate if each of the following is true or false concerning closed-end funds. A. True B. False select select 1. These trade on exchanges similar to stocks 2. These are only transacted once per day, similar to mutual funds 3. There is a bid-ask spread (i.e. difference in the price you can buy vs. sell shares for) 4. The number of fund shares can increase or decrease based on investor demand. select select Indicate if each of the following is true or false concerning closed-end funds. A. True B. False select select 1. These trade on exchanges similar to stocks 2. These are only transacted once per day, similar to mutual funds 3. There is a bid-ask spread (i.e. difference in the price you can buy vs. sell shares for) 4. The number of fund shares can increase or decrease based on investor demand. select select