ProductsCâu 30 / 110
Shares of a closed-end investment company differ from open-end fund shares because closed-end shares:
a.Are redeemable with the fund at net asset value on any business day
b.Are always sold with a maximum 8.5% sales charge
c.Trade in the secondary market at a price that may be above or below net asset value
d.Cannot be purchased in the secondary market by retail investors
Giải thích
A closed-end fund issues a fixed number of shares in an offering and those shares then trade among investors, so supply and demand determine whether they sell at a premium or a discount to NAV. Redeemability at NAV is the defining feature of open-end funds. Closed-end trades involve brokerage commissions rather than the 8.5% sales charge ceiling, and any investor may buy them in the market.
Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
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