The Amount by Which a Closed-End Fund's Share Price in the Secondary

question 30

Multiple Choice

The amount by which a closed-end fund's share price in the secondary market is below the fund's NAV is called the

• A) market value.
• B) premium.
• C) discount.
• D) par value.

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Definitions:

Paid

Receiving money as a return for services provided or work done.

Unique Background

An individual's distinctive blend of personal history, experiences, culture, and education that shapes their identity and perspectives.

Health Care

A broad field that involves the maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments in people.

Caring

Exhibiting kindness and concern for others, often considered a fundamental aspect of human social interaction.