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Basic Question 4 of 15
An open-end mutual fund ______
II. fluctuates in the number of shares outstanding as shares are purchased and redeemed.
III. will redeem existing shares on demand.
I. offers shares to the public through the fund distributor.
II. fluctuates in the number of shares outstanding as shares are purchased and redeemed.
III. will redeem existing shares on demand.
User Contributed Comments 4
| User | Comment |
|---|---|
| itconcepts | Calculating diluted eps must be a nightmare |
| tschakawaka | @itconcepts: no, i just did it some time ago - i am auditing funds |
| jonan203 | man, i don't even want to think about the book keeping involved. |
| joeclark | Just have the NAV at the end of the period |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2025 Level I Curriculum, Volume 6, Module 3.