[Solved] Which of the following characteristics is not true of close-ended funds?

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Q.	Which of the following characteristics is not true of close-ended funds?
A.	They can be load or no-load funds.
B.	They do not repurchase shares from investors.
C.	They are bought and sold on stock exchanges.
D.	They may sell above or below NAV.
Answer» A. They can be load or no-load funds.

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