Sản phẩm & Rủi roCâu 61 / 398
Which feature is characteristic of an open-end investment company (mutual fund)?
a.It trades on an exchange at a price set by supply and demand
b.It issues a fixed number of shares in a one-time offering
c.It continuously issues new shares and redeems them at net asset value
d.It holds a fixed, unmanaged portfolio until a set termination date
Giải thích
An open-end fund continuously offers new shares to the public and stands ready to redeem outstanding shares at their net asset value. Because purchases and redemptions occur at NAV rather than on an exchange, the number of shares outstanding constantly changes. This structure is defined under the Investment Company Act of 1940.
Trích dẫn luật: Investment Company Act of 1940Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A stock's par value on the balance sheet primarily represents:
- Banker's acceptances are money-market instruments most commonly used to finance:
- An investor seeking regular income with more safety than common stock, but a higher fixed payment priority, would MOST likely choose:
- A mutual fund has total assets of $50 million, total liabilities of $2 million, and 4 million shares outstanding. What is the net asset value (NAV) per share?
- An investor plans to make a large lump-sum investment and hold it for 20 years. Which mutual fund share class is generally most cost-effective for this investor?
- Class B mutual fund shares are best described as shares that:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Securities Industry Essentials (SIE) Exam · Quy trình kiểm tra