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Which of the statements below on open-end funds is FALSE? (A) At least once annually, shareholders should receive distributions of any capital gains of the fund. (B) 8.5% is the largest allowable sales charge. (C) The secondary market is where such funds are traded. (D) Some customers may qualify for breakpoints.

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Answer:

The answer is: C) The secondary market is where such funds are traded.

Explanation:

Open end funds are investment schemes than can issue an unlimited number of stocks.

Investors buy their stock directly from the fund. Open end funds' stocks are priced at their portfolio net asset value. Their price changes every day following the portfolio´s performance.  

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