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NEW QUESTION: 1
A/An ________ sells shares at their NAV.
A. closed-end fund
B. no-load fund
C. initial offer fund
D. par-value fund
Answer: B
Explanation:
Explanation/Reference:
Explanation:
A no-load fund imposes no sales charges so it sells shares at their NAV, however some charge a small redemption fee of about half-percent.
NEW QUESTION: 2
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