If a Closed-End Investment Company Is Selling for a Discount

question 30

Multiple Choice

If a closed-end investment company is selling for a discount

• A) its price exceeds the net asset value
• B) its price is less than the net asset value
• C) dividend income exceeds capital gains
• D) capital gains exceed dividend income

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Definitions:

Wear Indicator

A feature on brake pads that produces a warning sound or visible cue to indicate the pads are significantly worn and need replacement.

Disc Brake Micrometer

A clamp-type instrument for making very precise measurements of disc brake rotor thickness.

Lateral Runout

The deviation or variation from true circular rotation of a component, such as a tire or disc, often resulting in vibration or wobble.

Pad Lining Thickness

The measurement of the thickness of the friction material on a brake pad, which is critical for brake efficiency.