menu
Sign up

Which Type of an Investment Company Allows Shareholders to Cash

Question 29
Multiple Choice

Which type of an investment company allows shareholders to cash in their shares at their present asset value? A) unit investment trusts B) open-end investment companies C) closed-end investment companies D) real estate investment trusts E) none of the above

Related questions
Q 30
The commercial bankers' response to the growth of retirement-oriented mutual funds was to seek authority to A) offer money market mutual funds. B) market a complete variety of mutual funds. C) enter investment banking. D) sell insurance services.
Q 31
Load mutual funds are sold at A) the best price an underwriter can get. B) their present asset value. C) their present asset value less a discount. D) none of the above
Q 32
Mutual funds that do not charge a front-end load can still impose a _______ that must be paid by investors who redeem their shares. A) back-end load B) contingent deferred sales charge C) redemption fee D) all of the above E) none of the above
logo
© 2020-2021 Cozyplus FZ LLC. All rights reserved