$45$

Multiple Choice $3\mathrm{.}5$ points

Which of the following characteristics apply to mutual funds?

They have a fixed capitalization.

Shares are bought and sold at NAV.

Shares are redeemed by the fund.

Shares can be sold in the market.

$2,3$ and $4.$

$1,2,$ and $3.$

$1,2,3$ and $4.$

$2$ and $3.$

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