One Difference Between a Unit Investment Trust (UIT) and a Closed-End

One difference between a unit investment trust (UIT) and a closed-end fund is that

A) shares of closed-end funds trade on the exchange floors, unlike shares of UITs.
B) unlike UITs, closed-end funds have a fixed number of shares.
C) the shares of UITs are redeemable, whereas the shares of closed-end funds are not.
D) closed-end funds are established with a termination date, unlike UITs.

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