An open-end investment company continuously offers:

1. Afixed units that trade only in the secondary market
2. Bredeemable shares✓ Correct answer
3. Cgeneral obligation bonds
4. Dexchange-traded commodity futures

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• The public offering price of a mutual fund share equals:
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• A closed-end fund is most similar to a common stock because it:
• When market interest rates rise sharply, outstanding bond prices generally:
• ETF shares differ from mutual fund shares because ETFs:
• Which municipal bond is most likely to expose the investor to the alternative minimum tax?
• In a variable annuity, the separate account’s performance primarily affects:
• Which municipal bond is backed primarily by the taxing power of the issuer?