A Closed-End Fund Might Trade for Less Than Net Asset

question 51

Multiple Choice

A closed-end fund might trade for less than net asset value if:

• A)the fund has a poor record of prior performance.
• B)it is a new fund trying to attract new investors.
• C)it is heavily invested in an unpopular industry.
• D)A and C

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Definitions:

Labor Underutilization

A situation where a workforce does not utilize its full potential, often reflected in high unemployment, underemployment, and discouraged workers.

Marginally Attached Workers

Individuals who are not in the labor force, desire and are available for work, and have looked for a job sometime in the past 12 months but not in the four weeks preceding the survey.

Part-Time Employed

Individuals who are employed in work situations where the number of hours worked is less than the standard full-time hours.

Labor Underutilization

A situation where the workforce is not being used to its fullest potential, including phenomena such as underemployment and unemployment.