Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply.
a. Fairly liquid investments.
b. Issue new shares in response to increased demand.
c. Increase diversification but do not reduce nonsystematic risk.
d. Require minimum purchases of $3,000.
e. Charge high fees in exchange for professional management.
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Home » Business » Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply. a. Fairly liquid investments. b. Issue new shares in response to increased demand. c.