SEC Phase 1 Practice Questions - SEC Certification Examination Phase 1 (General) Exam

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In the Philippine capital markets, which of the following is an open-end investment company that continuously issues and redeems its shares at Net Asset Value Per Share (NAVPS)?

Real Estate Investment Trust (REIT) Closed-end fund Exchange-Traded Fund (ETF) Mutual fund

Correct Answer:

Mutual fund

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