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Commerce · Q301

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 301

Q301

Which of the following best define an open-funded mutual fund?

A.
It has an option to invest in any kind of security
B.
It has units available for sale and repurchase at all times
Answer
C.
It does not have a NAV
D.
It has fixed fund size

Answer: Option B

Solution

Answer: Option B
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