Open-end index mutual fund: a mutual fund with an unfixed capitalization. Thus, the fund's capitalization is said to be open-ended.
What will be an ideal response?
(a) The number of shares outstanding of a mutual fund constantly changes—that is, it is open-ended.
(b) The number of shares issued solely depends on investor demand.
(c) Investors buy shares directly from investment companies and sell them back (i.e., redeem)
(1) New shares are sold.
(2) Outstanding shares are redeemed.
(d) Do mutual funds trade on stock exchanges?
a. No
(e) Is there secondary market for mutual fund shares?
a. No
(f) Investors buy and sell shares every day at the NAV at the market close.
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When did the Paris Agreement go into effect?
a. 1990 b. 2000 c. 2016 d. 2006