Ask Question
1 March, 02:17

Which one of the following statements regarding closed-end mutual funds is false? Multiple Choice The funds always trade at a discount from NAV and redeem shares at their net asset value. None of the options are correct. The funds offer investors professional management. The funds always trade at a discount from NAV. The funds redeem shares at their net asset value.

+1
Answers (1)
  1. 1 March, 05:59
    0
    The answer is A. funds always trade at a discount from NAV and redeem shares at their net asset value

    Explanation:

    Closed-end mutual fund is the type of fund in which there is no new Investment money. The number of outstanding shares in this fund does not change. Closed-end fund can either sell for a premium or discount to net asset value depending on the demand for the shares.

    Shares of open-end fund are redeemed are their net asset value and not closed-end fund.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which one of the following statements regarding closed-end mutual funds is false? Multiple Choice The funds always trade at a discount from ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers