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    Exam 16: Investing in Mutual Funds
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    A Mutual Fund in Which Shares Are Issued Only When
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A Mutual Fund in Which Shares Are Issued Only When

Question 113

Question 113

Multiple Choice

A mutual fund in which shares are issued only when the fund is organized is called a ________ fund.


A) closed-end
B) open-end
C) load
D) no-load
E) convertible

Correct Answer:

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