What is the difference between an open-end mutual fund and a closed-end fund? What is the difference
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Mutual funds are open end in that the number of shares outstanding fluctuates daily with the amount of share redemptions and new purchases Shares are redeemable meaning that investors buy and sell sha...View the full answer
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Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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