A Characteristic of a Closed-End Fund

question 65

Multiple Choice

A characteristic of a closed-end fund:

• A)Stands ready at all times to sell the investor new shares or buy back the old ones
• B)Is that the method of purchase is the stock exchange or over-counter-market
• C)Is that the closed-end fund does not deal with shareholders
• D)It trades shares at the Net Asset Value

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Definitions:

Market Value

The current quoted price at which an asset or service can be bought or sold in a marketplace.