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Which statements regarding open-end mutual funds is false

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Reference no: EM132928824

Problem 1: A mutual fund had year-end assets of $250,000,000 and liabilities of $4,000,000. There were 3,750,000 shares in the fund at year-end. What was the mutual fund's Net Asset Value?

A. $92.53

B. $67.39

C. $63.24

D. $65.60

E. $17.46

Problem 2: Which one of the following statements regarding open-end mutual funds is false?

A. The funds redeem shares at net asset value.

B. The funds offer investors professional management.

C. The funds offer investors a guaranteed rate of return.

D. The funds offer investors professional management and a guaranteed rate of return.

E. The funds redeem shares at net asset value and offer investors professional management.

Reference no: EM132928824

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