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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 using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe mutual funds and compare them with other pooled investment products
CFA® 2026 Level I Curriculum, Volume 6, Module 3.