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Which of the following statements regarding close-end investment companies, if any, is correct? 1.Close-end funds continually create new shares as new monies are obtained. 2.Close-end

Which of the following statements regarding close-end investment companies, if any, is correct?

1.Close-end funds continually create new shares as new monies are obtained.

2.Close-end funds offer price guarantees.

Select one:

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor 2.

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