QUESTION 15 Open-end funds have an unlimited number of shares. O True O False QUESTION 16 Echo fund has $80 million in assets and $5 million in liabilities. Shares of the fund currently sell for $100, which represents a 20% discount below NAV. Find the number of shares outstanding. Round intermediate steps to four decimals and your final answer to the nearest whole share. O 625,000 O 937,500 O 600,000 O None of the above QUESTION 17 Which of the following statements is correct? O Traditional open end funds can be traded at any point throughout the trading day. O ETFs can be purchased on margin. O Hedge funds are required to release their performance numbers to the general public. O None of the above 5 points 5 points 5 points Save Answer Save Answer Save