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Basic Question 15 of 18
Open-end investment companies ______
B. must redeem shares at the net asset value with no fees included.
C. must register a maximum number of shares with the Securities and Exchange Commission.
A. can continue to sell and repurchase shares after their initial public offerings.
B. must redeem shares at the net asset value with no fees included.
C. must register a maximum number of shares with the Securities and Exchange Commission.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | OEIC (pronounced 'oik') |
| khalifa92 | close-end doesn't continue to sell and purchase from the fund, but the owners of existing shares can sell to others. |
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Learning Outcome Statements
describe classifications of assets and markets
describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes
CFA® 2024 Level I Curriculum, Volume 3, Module 1.