- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 1. Market Organization and Structure
- Subject 2. Assets and Contracts
CFA Practice Question
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.
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. |