The Ajax Fund, which trades on the New York Stock Exchange, was quoted

The Ajax Fund, which trades on the New York Stock Exchange, was quoted with a NAV of $10 and an offer price of $10.50. Thus, we know the fund is

A)

open end with a load.
B)

closed end with a load.
C)

closed end with no load.
D)

open end with no load.

ANSWER

B