Canadian Securities Course (CSC) Practice Exam · Question
Which of the following is a key characteristic of an open-end mutual fund?
Open-end mutual funds continuously issue and redeem shares directly with the fund company at their daily calculated Net Asset Value (NAV).
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
Question: Which of the following is a key characteristic of an open-end mutual fund?
Answer options: ✅ It continuously issues and redeems its shares at Net Asset Value (NAV).
- Its shares trade on a stock exchange.
- It has a fixed number of shares outstanding.
- Its price is determined by supply and demand in the secondary market.
Correct answer: It continuously issues and redeems its shares at Net Asset Value (NAV).
Explanation: Open-end mutual funds continuously issue and redeem shares directly with the fund company at their daily calculated Net Asset Value (NAV).
Start free practice for Canadian Securities Course (CSC) Practice Exam
335 questions · no signup required · 40 free questions per day
More about Canadian Securities Course (CSC) Practice Exam
More for Canadian Securities Course (CSC) Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Canadian Securities Course (CSC) Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.