Q778
A closed-end fund is a mutual fund in which shares issue just when fund is
A.
organized
AnswerB.
unorganized
C.
copied
D.
random behaviour showing
Answer: Option A
Solution
Answer: Option A
Solution:
A closed-end fund is a mutual fund in which shares issue just when fund is organized. A closed-end fund (CEF) or closed-ended fund is a collective investment model based on issuing a fixed number of shares which are not redeemable from the fund.