Question: The primary difference between open-end and closed-end investment companies is: a. Closed end funds always sell at par value. b. Open-end funds do not charge

The primary difference between open-end and closed-end investment companies is:

a. Closed end funds always sell at par value.

b. Open-end funds do not charge sales fees.

c. Closed-end funds guarantee the Net Asset Value (NAV) at the time of sale or purchase.

d. Closed-end funds sell only a limited number of shares.

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