Securities Industry Essentials SIE Quiz
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UNDERSTANDING PRODUCTS AND THEIR RISKS
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What is a primary difference between open-end and closed-end investment companies for investors?
A
Both issue shares continuously and redeem shares directly at NAV.
B
Closed-end shares trade intraday on exchanges; open-end redeem at NAV.
C
Open-end shares trade on exchanges; closed-end redeem daily at NAV.
D
Both trade at market prices that always equal their NAV.
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