Distinguish between open-end fund and closed-end fund

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Reference no: EM132015401

1. Distinguish between an open-end fund and a closed-end fund.

An open-end fund is always open during the day; a closed-end fund can sometimes close during the day.

An open-end fund isssues new shares as new money is recceived; a closed-end fund only issues shares one tine.

An open-end fund is never liquid; a closed-end fund is sometimes liquid

All of the above

2. Buffalo Co. compensates its executives with restricted stock. During 2017, the company granted 14,250 shares of $1 par value restricted common stock that will vest over ten (10) years. The market value of the shares was $9 at the time of the grant.

What is the impact of this transaction on additional paid-in capital?

A. Increase additional paid-in capital by $114,000

B. Increase additional paid-in capital by $14,250

C. Increase additional paid-in capital by $128,250

D. Increase additional paid-in capital by $40,750

E. Paid-in capital is not impacted by this transaction

Reference no: EM132015401

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