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Basic Question 2 of 15
On an open-end mutual fund, the number of shares outstanding ______ and shares are usually purchased ______.
B. fluctuates; at the stock exchange
C. fluctuates; direct from the fund
A. is fixed; direct from the fund
B. fluctuates; at the stock exchange
C. fluctuates; direct from the fund
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2025 Level I Curriculum, Volume 6, Module 3.