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Exam CFA-Level-I Topic 2 Question 4 Discussion
CFA Institute Exam CFA-Level-I Topic 2 Question 4 Discussion
Actual exam question for CFA Institute's CFA-Level-I exam
Question #: 4
Topic #: 2
[All CFA-Level-I Questions]
Open-end funds
A
have shares that trade on secondary exchanges.
B
never charge redemption fees for share redemptions.
C
sometimes charge sales fees for share sales.
D
never charge sales fees for share sales.
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Suggested Answer:
C
by
Alease
at
Sep 15, 2024, 06:53 PM
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Devora
1 months ago
Open-end funds? I'm more of a 'close the books and call it a day' kind of person. This question is really making me scratch my head.
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Leigha
19 days ago
I understand, closed-end funds have a fixed number of shares and trade on the stock exchange.
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Cherrie
23 days ago
I prefer open-end funds because they allow for continuous investment and redemption.
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Pete
1 months ago
Open-end funds, huh? I'm open to learning more, but I hope they don't keep me up all night wondering about the answer.
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Glory
21 hours ago
They are priced at the end of the trading day based on the net asset value of the fund's holdings.
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Georgene
18 days ago
Open-end funds are mutual funds that are open to new investors and can issue new shares at any time.
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Shaun
1 months ago
I thought open-end funds were the ones where you have to hold the door open for the money to come in. Clearly, I need to brush up on my financial terminology.
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Domitila
2 months ago
I'm not sure about open-end funds, I need to research more before forming an opinion.
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Rolande
2 months ago
I prefer open-end funds because they offer liquidity and professional management.
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Candra
2 months ago
Open-end funds? Sounds like a never-ending financial rabbit hole to me!
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Glory
11 days ago
Just be aware of the potential risks and fees associated with open-end funds.
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Jamal
21 days ago
That's right! It's a flexible investment option compared to closed-end funds.
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Lonna
24 days ago
So you can buy or sell shares in an open-end fund whenever you want.
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Callie
1 months ago
Yeah, it's a way to invest in a variety of securities without having to pick individual stocks.
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Merilyn
1 months ago
It's actually a type of mutual fund where investors can buy and sell shares at any time.
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Alyce
1 months ago
It's actually a type of mutual fund that can issue and redeem shares at any time.
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Yan
2 months ago
I think open-end funds are a good option for long-term investors.
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a
Devora
1 months agoLeigha
19 days agoCherrie
23 days agoPete
1 months agoGlory
21 hours agoGeorgene
18 days agoShaun
1 months agoDomitila
2 months agoRolande
2 months agoCandra
2 months agoGlory
11 days agoJamal
21 days agoLonna
24 days agoCallie
1 months agoMerilyn
1 months agoAlyce
1 months agoYan
2 months ago