27) Distinguish between an open-end fund and a closed-end fund. An open-end fund

ID: 2779068 • Letter: 2

Question

27)

Distinguish between an open-end fund and a closed-end fund.

An open-end fund is always open during the day; a closed-end fund can sometimes close during the day.

An open-end fund isssues new shares as new money is recceived; a closed-end fund only issues shares one tine.

An open-end fund is never liquid; a closed-end fund is sometimes liquid

All of the above

An open-end fund is always open during the day; a closed-end fund can sometimes close during the day.

An open-end fund isssues new shares as new money is recceived; a closed-end fund only issues shares one tine.

An open-end fund is never liquid; a closed-end fund is sometimes liquid

All of the above

An open-end fund isssues new shares as new money is recceived; a closed-end fund only issues shares one tine

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