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IIA

IIA-CFSA · Question #493

Close-end funds:

The correct answer is D. All of these. See the full explanation below for the reasoning.

Question

Close-end funds:

Options

  • AAre not redeemable
  • BThe investment portfolios generally are managed by separate entities
  • CAre permitted to invest in a greater amount of "illiquid" securities than mutual funds.
  • DAll of these

How the community answered

(54 responses)
  • A
    6% (3)
  • B
    4% (2)
  • C
    15% (8)
  • D
    76% (41)

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