Question
Which of the following characteristics apply to mutual funds? (1) Fixed capitalization. (2) Shares (or units) are bought and sold at NAV. (3) Shares (or
Which of the following characteristics apply to mutual funds? (1) Fixed capitalization. (2) Shares (or units) are bought and sold at NAV. (3) Shares (or units) are redeemed by the fund (or trust). (4) Shares (or units) are can be sold in the market.
a. 2 and 3.
b. 1, 2, & 3.
c. 2, 3 & 4.
d. 1, 2, 3 & 4.
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
