results pay Sils head 26% close the deal figures idea pl\ran fine business guide voting rights say strong point investment 150000 2\r6%\rUnit 10 Unit test\rBDCDB\r(1)-(7)individual owned managed invest ownership shareholders investors\r(8)shareholders are often able to own a greater and more diverse number of stocks\rthan if they invested directly in the stock market\r(9)the investment management company sponsoring the fund issues new shares to i\rnvestors and buys back shares from investors wishing to leave the fund\r(10)The sponsor does not buy back or issue shares after a closed-end fund is launc\rhed, so the investor must trade them through a broker\rCDCAA\rBCADB CDADB