SIE Exam Practice Question 713
Question: 713
Which of the following is/are correct regarding open-end mutual funds?
(1) Open-end mutual funds sell at their net asset value (NAV).
(2) Open-end mutual funds have a fixed capital structure.
Correct Answer: A
Explanation:
Open-end mutual funds sell at their net asset value (NAV) and do not have a fixed capital structure.
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