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An important difference between an "open end fund" vs. a "closed end fund" is that...

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An important difference between an "open end fund" vs. a "closed end fund" is that in the former sellers sell their share to the market, while in the latter the fund must provide liquidity to investors who wish to sell their stake in the fund. Taking this information into account, which one should maintain a higher balance of the asset in cash? Explain why

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