INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 84

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The value of your shares in a closed-end fund is determined by [the fund's NAV | supply and demand factors].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Straight-Line Method

A depreciation technique where an equal amount of depreciation expense is allocated for each year of the asset's useful life.