Multiple Choice
Flammox Growth Fund, a mutual fund, issues 200 shares in the market. However, because of a sharp demand from the investors, the fund issues 350 additional shares. In this scenario, the Flammox Growth Fund is structured as a(n) _____:
A) offshore fund.
B) open-end fund.
C) hedge fund.
D) umbrella fund.
Correct Answer:
Verified
Correct Answer:
Verified
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