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FINRA Series 7

Category - Series 7

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Which of the following may occasionally be purchased at a discount from net assets value?

no-load funds
closed-end funds
open-end funds
contractual plans

Explanation

Answer: B - closed-end funds. Mutual funds are purchased at NAV (when no-load) or NAV plus a sales charge. The pricing of closed-end funds is determined by market activity and has no direct link to NAV.

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FINRA Series 7

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FINRA Series 7

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