Which of the following securities is traded only in the over-the-counter market?
A.
corporate bonds
B.
preferred stocks
C.
open-end investment companies
D.
closed-end investment companies
The Answer Is:
C
This question includes an explanation.
Explanation:
open-end investment companies. Open-end mutual funds are a continuous offering of new securities that are not traded on an exchange. They trade only in the over-the-counter market. The other choices may trade over-the-counter or on exchanges.
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