Which of the Following Statements Regarding the Closed-End Investment Company's

question 4

Multiple Choice

Which of the following statements regarding the closed-end investment company's net asset value (NAV) is FALSE?

• A) NAV is computed throughout the day based on prevailing market prices for the portfolio of securities.
• B) The market price of the shares is determined by how they trade on the exchange.
• C) NAV and market price of a closed-end fund are almost never the same.
• D) No new investment dollars are available for the investment company unless it makes another public sale of securities.
• E) All of these are correct.

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