Series 7 - General Securities Representative Exam
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A fund that is trading at a discount to NAV could be a(n)
Open-end Fund
A
Closed-end Fund
B
Fixed Income Mutual Fund
C
Value Mutual Fund
D
Explanations
mutual funds are open-end funds that trade once per day at the NAV. Closed-end funds can trade at a premium or discount to NAV and trade throughout the trading day