Which One of the Following Statements Regarding Closed-End Mutual Funds

question 11

Multiple Choice

Which one of the following statements regarding closed-end mutual funds is false?

• A)The funds always trade at a discount from NAV.
• B)The funds redeem shares at their net asset value.
• C)The funds offer investors professional management.
• D)The funds always trade at a discount from NAV and redeem shares at their net asset value.

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Definitions:

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