Difference between a mutual fund and a closed end fund

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What is an excess reserve and how is this different than required reserves ? List at least four different types of insurance companies ? What is the difference between a mutual fund and a closed-end fund?

If a mutual fund has a portfolio with a market value of $1 million and liabilities of $0.2 million, what is the net asset value if the fund has 0.5 million shares?

Reference no: EM131313488

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