Closed-End Investment Companies 1. Have a Fixed Capital Structure

question 40

Multiple Choice

Closed-end investment companies
1. have a fixed capital structure
2. issue new stock whenever an individual buys shares
3. may sell for a premium over net asset value
4. must sell for their net asset value

• A)1 and 3
• B)1 and 4
• C)2 and 3
• D)2 and 4

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