A Closed End-Fund Is

Multiple Choice

A closed end-fund is:

A) a fund that generally invests only in the stocks or other securities contained in a specific stock or securities index.
B) a fund whose shares are issued by an investment company only when the fund is organized.
C) professionally managed so investors need not monitor the performance of the fund.
D) a fund whose shares are issued and redeemed by the investment company at the request of investors.
E) one whose shares trade only at end-of-the-day prices.