Which statement is true regarding closed end investment companies?
a the initial offering of shares is made under a prospectus
b shares are redeemable with the issuer at net asset value
c secondary market trades are based on end-of-day pricing
d the portfolio of investments is not managed

Aland development company purchases several acres of land adjacent to a wildlife reserve. it plans to build a new community, complete with shops and schools. green sands, a local environmental group, complains that the company's proposed building methods will disrupt the area's ecological balance. the company wants to respect the local ecology but also wants to build its development. the company decides to schedule a meeting with green sands's representatives to make choices about the property that are agreeable to both sides. which strategy would be most effective in this situation?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

One of the benefits of a well designed ergonomic work environment is low operating costs is true or false