Which of the following statements about the closed-end funds are true? 1. Once established, the number of outstanding shares remains fixed. II. Shares are traded in the secondary market like common stocks. III. Fund shareholders can redeem their shares at the funds net asset value (NAV). IV. The share price of a closed-end fund is determined by supply and demand in the market. V. Fund shareholders can earn the rate of return promised in the prospectus. Select one: a. I, II and III b. I, II and IV c. I, III and IV d. II, IV, and V e. All of them