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Q. |
Which of the following is an advantage to investors of an open-end mutual fund? |
A. | Once all the shares have been sold, the investor does not have to put in more money. |
B. | The investors can sell their shares in the over-the-counter market with low transaction fees. |
C. | The fund agrees to redeem shares at any time. |
D. | The market value of the fund’s shares may be higher than the value of the assets held by the fund. |
Answer» C. The fund agrees to redeem shares at any time. |
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