Which of the following statement regarding the unlisted managed funds is correct?

Select one:

a. There can be a large discrepancy between the net asset value and the redemption price of the unit.

b. Units can be bought and sold directly between investors on stock exchanges.

c. A large number of redemptions occurring at the same time could lead managers of those funds to liquidate fund investments in a fire sale.

d. These funds are particularly suitable for investments that require long-term capital commitment.

e. All the statements are correct.