ProductsPregunta 15 de 110
When a shareholder redeems open-end fund shares, the fund must transmit payment within:
a.One business day
b.Three business days
c.Seven calendar days
d.Thirty calendar days
Explicación
The Investment Company Act of 1940 requires redemption proceeds to be paid within seven calendar days of a proper request, absent an SEC-permitted suspension. One and three days reflect general securities settlement conventions, not the statutory redemption deadline, and thirty days is far outside the requirement.
Referencia Legal: Investment Company Act of 1940Practica las 110 preguntas gratis — sin registro.
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