IIA

IIA-CFSA · Question #491

A UIT typically issues redeemable securities (or "units"), like a mutual fund, which means:

The correct answer is C. That the UIT will, buy back an investor's request at their approximate net asset value. See the full explanation below for the reasoning.

Question

A UIT typically issues redeemable securities (or “units”), like a mutual fund, which means:

Options

AThat the UITs typically will make a one-time "public offering"
BA UIT does not activity trade its investment portfolio
CThat the UIT will, buy back an investor's request at their approximate net asset value
DAll of these

How the community answered

(22 responses)

A
5% (1)
B
18% (4)
C
73% (16)
D
5% (1)

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