Multiple Choice
Which of the following statements is true?
A) A closed-end investment company is a specialised firm that invests in securities and assets of other firms.
B) A closed-end investment company is a specialised firm that invests in securities and assets of other firms but has a fixed supply of shares outstanding itself.
C) A closed-end investment company is a specialised firm that invests in securities and assets of other firms but has a variable supply of shares outstanding itself.
D) A closed-end investment company has a variable supply of shares outstanding itself.
Correct Answer:
Verified
Correct Answer:
Verified
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