One difference between open-end and closed-end funds is that
A)
open-end funds have no maturities, while closed-end funds are dissolved after a given number of years.
B)
shares of an open-end fund are bought and sold directly from or to the fund, while closed-end shares are bought and sold like the shares of any corporation.
C)
open-end shares can be purchased by the general public, while closed-end shares are available only to fund directors.
D)
closed-end funds control and manage open-end funds.
B
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During Broker Shaw's preparation of the Exclusive Authorization and Right to Sell on Seller Norman's property, Norman asked that a clause be included which would require the buyer to accept primary liability in connection with the existing first trust deed loan on the property. To best protect Seller Norman regarding his liability if the existing loan is transferred to the buyer, Shaw should enter which of the following in Paragraph 2 of the Exclusive Authorization and Right to Sell form:
A: Buyer to take the property "subject to" the loan; B: Buyer to "assume" existing loan; C: Buyer to pay all cash; D: Buyer to make a large down payment to preclude possibility of a foreclosure.
A(n) ________ game occurs when each player selects an optimal strategy that does not result in an equilibrium point when the minimax criterion is used
A) optimal strategy B) pure strategy C) mixed strategy D) best strategy