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While Reviewing Mutual Fund Reports,Allen Noticed That a Fund Was

Question 30

Multiple Choice

While reviewing mutual fund reports,Allen noticed that a fund was reported as "closed".What is the primary reason for closing a fund?


A) all issued shares have been sold
B) the fund is suffering a loss
C) the NAV has declined noticeably
D) the fund has grown too large in size
E) the fund is underperforming its peers

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