Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) The purpose of investing in a closed-end, exchange-traded fund or open-end mutual fund is to earn a financial return.
B) Income dividends are the earnings that a fund pays to shareholders from its dividend and interest income.
C) Capital gain distributions are the payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio.
D) The only way to make money on a mutual fund is by selling shares at a higher price than was initially paid for them.
E) All of these statements are true.