CFA Practice Question

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CFA Practice Question

Open-end investment companies ______

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.
Correct Answer: A

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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