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:
• A 4% corporate bond quoted at 1030 has a current yield closest to:
• A closed-end fund is most similar to a common stock because it:
• When market interest rates rise sharply, outstanding bond prices generally: