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Chapter 20 Homework Question: Distinguish between an open-end fund and a closed-end fund. O An open-end fund is always open d
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Open ended funds offer high liquidity due to the freedom to redeem the units as per convenience whereas closed end funds do not offer the same convenience. Open ended funds are bought and sold on demand while close ended funds only bu during an NFO.

So Answer is b) An open end fund issues new shares as new money is received a closed end only issues shares one time

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