uestion 3 Which of the following statements regarding Mutual Funds is not true?

Question

uestion 3 Which of the following statements regarding Mutual Funds is not true? O a.You need to pay a "Load (or Sales Charge") in order to get into the best funds O b. Closed end mutual funds are traded on the exchanges or over O c. Exchange traded funds (ETF's") are examples of closed end funds O d. Open End mutual fund shares are bought directly from from the fund in a primary transaction and are redeemed by O e Closed end funds may not be trading at Net Asset Value (NAV) but open-ended funds are redeemed at NAV changes or over-the-counter. Usually, when you buy or sell a closed end funds sh ares, you are trading them with anoth selling the shares back to the fund itself

Explanation / Answer

Option C is incorrect

ETF are not example of closed end funds.

Mutual fund and ETF can be continously offered, but Closed end funds we cannot offer continously.

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