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NEW QUESTION: 1
Which of the following statements is true?
A. The shares of an open-end investment company usually trade at a 10 to 25% discount to its NAV, but in some relatively rare instances, the shares trade exactly at NAV.
B. The shares of a closed-end investment company usually trade at exactly its NAV, but in some relatively rare instances, the shares trade at a small discount or premium to the NAV.
C. The shares of a closed-end mutual fund almost never trade exactly at its NAV. Rather, shares typically trade at a 5 to 20% discount to the NAV.
D. The shares of an open-end investment company usually trade at exactly its net asset value (NAV), but in some relatively rare instances, the shares trade at a small discount or premium to the NAV.
E. The shares of a closed-end investment company almost never trade at exactly its NAV. Rather, shares typically trade at a 5 to 20% discount to the NAV.
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Open-end investment companies continue to sell and repurchase shares after their initial public offerings.
They sell shares at the net asset value with or without sales charges, and repurchase shares at the net asset value with or without redemption fees. The shares of closed end investment companies,however, are rarely sold or redeemed by the funds, but typically trade on a stock market. Over the long-run, the shares tend to trade at a 5 to 20% discount to their net asset value (NAV). There is no such thing as a closed-end mutual fund. Only open-end investment companies are referred to as mutual funds.

NEW QUESTION: 2


A. 10 : 22 : 22
B. 10 : 30 : 6
C. 10 : 22 : 20
D. 10 : 22 : 6
Answer: A

NEW QUESTION: 3
You have a vPC domain that contains a Cisco Nexus 5000 Series pair. Which feature must you enable to
make the Cisco Nexus pair operates as a single STP root?
A. auto-recovery
B. peer-switch
C. peer-gateway
D. priority
Answer: B

NEW QUESTION: 4
Which of the following statements are true regrinding issue logs?
A. Issue logs are tool/ technique of the Manage Project Team process and Manage Stakeholders process.
B. Issue logs are written logs that address the roles and responsibilities of each project team member.
C. Issue logs describe the ground rules and conflict management procedures to manage the project.
D. Issue logs are a graphic display of project team members and their reporting relationships.
Answer: A