                                         783

20.        -
        , 
 . ?

21.         -
    ?



   . 3,         
.    ,      ; 
  ,        .
    ,    -
 (face amount certificates),     . 
        .
  , ,  ,     -
   .

         
   ,     . 
     . 10 : John Bogle, Bogle on Mutual Funds (Burr
Ridge, IL: Richard D. Irwin, 1994).

CDA/Wiesenberger Investment Companies Service, Investment Companies Yearbook 1993 (Rockville,
MD: CDA Investment Technologies, 1993), p. 19.
 ,       
 ,            -
     . .: John W. Peavey 111. Returns on Initial
Public Offerings of Closed-End Funds, Review of Financial Studies, 3 no. 4 (1990), pp. 695-708.
       .  :

Albert J. Fredman and George Cole Scott, Analyzing and Finding Data on Closed-End Funds, AAII
Journal, 13, no. 8 (September 1991), pp. 15-19, and Guidelines for Handling Closed-End Fund
Transactions, AAII Journal, 14, no. 5 (June 1992), pp. 18-22.
   (Real estate investment trusts, REIT)   
      ,     -
 ,          -
      .    
   .      -
     .

  - (wrap accent)     .
          -
      (  ),  
   .     , -
      (wrap up)    ,
    3%  .   -   -
 .  : John Bogle, Bogle on Mutual Funds, p. 54.  .  5  . 2.
CDA/Wiesenberger, Investment Companies Yearbook 1993, p. 23.
' CDA/Wiesenberger, Investment Companies Yearbook 1993, p. 24. -  (option-
income funds)    ,       -
         . (-
    . 20.)     (equity income fund)  
     (fixed-income fund)      -
 (income fund),        
    .