WHAT IS A EXCHANGE TRADE FUND,A CLOSED END FUND, A MUTUAL FUN, A STOCK AND BOND. PLEASEEEEE HELP.?

I need to write the 700 word letter so assistance please.

{ 2 comments… read them below or add one }

src50 June 21, 2010 at 7:06 am

The idea of a school assignment is for you to do your own research. Get with it.

cmcvpr June 21, 2010 at 7:48 am

A bond is debt in a single company.

A stock is equity (ownership) in a single company

A Mutual Fund (aka open end fund) is a pool of stocks owned by a group of investors who can be redeemed at net asset value (NAV) on a daily basis on demand from the fund sponsor.

A closed end fund is similar except it trades on a stock exchange and is redeemed (sold) at a market price which may be more or less than the value of the underlying securities.

An ETF is very similiar to a closed end fund, except it’s structure is a bit different and is designed to keep the market price as close as possible the value of the underlying securities

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