Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 4 of 15
An open-end mutual fund ______
II. fluctuates in the number of shares outstanding as shares are purchased and redeemed.
III. will redeem existing shares on demand.
I. offers shares to the public through the fund distributor.
II. fluctuates in the number of shares outstanding as shares are purchased and redeemed.
III. will redeem existing shares on demand.
User Contributed Comments 4
| User | Comment |
|---|---|
| itconcepts | Calculating diluted eps must be a nightmare |
| tschakawaka | @itconcepts: no, i just did it some time ago - i am auditing funds |
| jonan203 | man, i don't even want to think about the book keeping involved. |
| joeclark | Just have the NAV at the end of the period |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2024 Level I Curriculum, Volume 6, Module 3.