Finra Exam Series-7 Topic 3 Question 94 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 94
Topic #: 3

[All Series-7 Questions]

Which of the following statements is pertinent to closed-end investment companies?

Athey are continuously issuing new shares

Bthey are prohibited from issuing any securities other than common stock

Ctheir shares are traded at prices determined in the open market

Dtheir shares are redeemable at net asset value

Show Suggested Answer

Suggested Answer: B

deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.

by Marylin at Aug 04, 2024, 01:15 PM

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5 hours ago

I think the answer is D, their shares are redeemable at net asset value.

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