An Open-End Fund Is Defined as an Investment Fund That

Multiple Choice

An open-end fund is defined as an investment fund that sells:

A) an elastic number of shares to outside investors
B) a fixed number of shares to an elastic number of outside investors
C) an elastic number of shares to outside investors, but that never buys back any of these shares
D) a fixed number of shares to an elastic number of outside investors, but that never buys back any of these shares