单选题 Which statement about mutual funds is most accurate? A. The redemption fee for a closed-end fund is the commission charged on the sale and a portion of the bid/ask spread of the shares. B. Some open-end funds charge no fees. C. Closed-end funds trade at the net asset value.

【正确答案】 A

【答案解析】Since closed-end funds are traded in the secondary market for a price determined by supply and demand for shares, the spread along with the sales commission represent the redemption fee. All funds charge fees, although the fees vary widely from fund to fund. In addition, some funds charge a load in addition to fees. Closed-end fund prices are determined by the market and can trade at either a premium or a discount to the net asset value.