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Mutual Funds in Which a Fixed Number of Nonredeemable Shares

Question 56

Multiple Choice

Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market,like shares of common stock,are called


A) open-end funds.
B) close-end funds.
C) OTC funds.
D) primary-issue funds.

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