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Basic Question 2 of 15
On an open-end mutual fund, the number of shares outstanding ______ and shares are usually purchased ______.
B. fluctuates; at the stock exchange
C. fluctuates; direct from the fund
A. is fixed; direct from the fund
B. fluctuates; at the stock exchange
C. fluctuates; direct from the fund
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2025 Level I Curriculum, Volume 6, Module 3.