What is an open end mutual fund? What types of companies usually manage open end funds? Describe how these funds work on a day to day basis.
Answer to relevant QuestionsWhat is a closed end fund? Describe how closed end funds function. If Hope (from problem 1) had invested the same amount of money in a no load fund with the same price per share, how many shares could she have purchased? Why might mutual funds be more appropriate investments for the Sampsons than individual stocks or bonds? How does your risk tolerance affect the asset allocation decision? Where are stock options traded? What is the exchange’s role in the trade?
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