Which of the Following Facts Concerning Open-End Mutual Funds Is

Multiple Choice

Which of the following facts concerning open-end mutual funds is false?

A) The number of shares is fixed.
B) Open-end funds are typically created by investment advisory firms.
C) Open-end funds stand ready to repurchase shares every trading day.
D) An open-end fund can never sell for a premium or a discount.
E) Open-end mutual funds are owned by shareholders.