The NAV of a Closed-End Investment Company Shares Is Determined

question 2

Multiple Choice

The NAV of a closed-end investment company shares is determined at any point in time by

• A)the number of shares available.
• B)the value of the outstanding shares owned by investors.
• C)the supply of the investment company's shares.
• D)the demand for the investment company's shares...
• E)the value of the underlying assets and the number of the investment company shares issued.

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Definitions:

Latest Goods On Hand

Refers to the most recent inventory of products or materials that a company has available for use or sale.

Lower-Of-Cost-Or-Market Basis

An accounting principle where inventory is recorded at either its historical cost or market value, whichever is lower, to ensure conservatism.

Conservatism

An accounting principle that requires potential expenses and liabilities to be recognized immediately, but revenue only when it is ensured.

Accounting Concept

Fundamental principles or theories that underpin the practice and procedure of accounting.