Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Exam Series-7 Topic 3 Question 94 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 94
Topic #: 3
[All Series-7 Questions]

Which of the following statements is pertinent to closed-end investment companies?

Show Suggested Answer Hide Answer
Suggested Answer: B

deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.


by Marylin at Aug 04, 2024, 01:15 PM

Limited Time Offer

25%

Off

Get Premium Series-7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Alva
2 months ago
I'm gonna have to go with C. Closed-end funds are like the stock market's VIP lounge - their shares are traded at whatever price people are willing to pay!
upvoted 0 times
Ty
29 days ago
Definitely, their shares are not continuously issued like in open-end funds.
upvoted 0 times
...
Krissy
1 months ago
I agree, closed-end funds are like the VIP lounge of the stock market!
upvoted 0 times
...
Ma
2 months ago
I think C is the correct answer. Closed-end funds are traded at prices determined in the open market.
upvoted 0 times
...
...
Howard
2 months ago
B) they are prohibited from issuing any securities other than common stock - wait, what? Since when do closed-end funds deal in anything other than plain old common shares? This one's too easy!
upvoted 0 times
...
Nan
2 months ago
Hmm, I think I'll go with C. Open market pricing makes sense for closed-end funds. I can already hear the trading bell ringing!
upvoted 0 times
Sheron
2 months ago
I'm not sure about this one, but C sounds reasonable. The open market pricing seems logical for closed-end investment companies.
upvoted 0 times
...
Malcom
2 months ago
I think D is the right choice. Closed-end funds usually have redeemable shares at net asset value.
upvoted 0 times
...
Eveline
2 months ago
I agree, C is the correct answer. The open market determines the prices of their shares.
upvoted 0 times
...
...
Madelyn
2 months ago
D) their shares are redeemable at net asset value - that's a trick question. Closed-end funds don't redeem shares at NAV, that's only for open-end funds.
upvoted 0 times
...
Bettyann
3 months ago
C) their shares are traded at prices determined in the open market - that's the key difference between closed-end and open-end funds. Closed-end funds don't issue new shares based on demand like open-end funds do.
upvoted 0 times
Keneth
1 months ago
D) their shares are redeemable at net asset value
upvoted 0 times
...
Nan
2 months ago
C) their shares are traded at prices determined in the open market
upvoted 0 times
...
Arminda
2 months ago
A) they are continuously issuing new shares
upvoted 0 times
...
...
Earnestine
3 months ago
I'm not sure, but I think C is also a valid statement, their shares are traded at prices determined in the open market.
upvoted 0 times
...
Mari
3 months ago
I agree with Toi, closed-end investment companies usually have redeemable shares at net asset value.
upvoted 0 times
...
Toi
3 months ago
I think the answer is D, their shares are redeemable at net asset value.
upvoted 0 times
...

Save Cancel