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realgraverobb realgraverobb
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2 years ago
Which of the following characteristics apply to closed-end mutual funds?

I.Unlimited number of outstanding shares.
II.Transactions are between shareholders.
III.Market prices may be higher or lower than NAV.
IV.Fund will repurchase shares at any time.


▸ I and IV only

▸ II and III only

▸ I, II and III only

▸ II, III and IV only
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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jvigil33jvigil33
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#1
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2 years ago
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realgraverobb Author
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2 years ago
Brilliant ツ
nsak
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Yesterday
Thanks
Gorgio_De
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2 hours ago
Smart ... Thanks!
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