magsters1540 magsters1540
  • 17-01-2024
  • Business
contestada

Consider the following statements:

Statement 1: Open‐end funds need to keep cash to fund redemptions.

Statement 2: Closed‐end funds cannot accept new investments into the fund.

Which of the following is most likely?

a. Only Statement 1 is correct.
b. Only Statement 2 is correct.
c. Both statements are correct.

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