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Which of the following features characterize a typical venture capital contract?


A) an earnout arrangement
B) no de novo financing
C) buyout option
D) performance requirement
E) all of the above

F) B) and E)
G) A) and E)

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The primary difference between open-end and closed-end mutual funds is


A) a closed-end fund does not stand ready to purchase its own shares when one of its owners sell them while an open-end fund does
B) both a closed-end and open-end funds stand ready to purchase their own shares when one of their owners sell them
C) a closed-end fund is typically traded on an organized exchange while an open-end fund is not
D) both a and c
E) both b and c

F) D) and E)
G) B) and E)

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