IIA Exam IIA-CFSA Topic 1 Question 16 Discussion

Actual exam question for IIA's Certified Financial Services Auditor exam

Question #: 16
Topic #: 1

A UIT typically issues redeemable securities (or ''units''), like a mutual fund, which means:

AThat the UITs typically will make a one-time ''public offering''

BA UIT does not activity trade its investment portfolio

CThat the UIT will, buy back an investor's request at their approximate net asset value

DAll of these

Show Suggested Answer

Suggested Answer: C

by Nu at May 06, 2022, 02:07 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!