The Share Price of a Closed-End Fund Differs from the Net

question 41

Multiple Choice

The share price of a closed-end fund differs from the net asset value such that additional ___ and potential return are presented to the investors.

• A) tax liability
• B) redemption fees
• C) sources of risk
• D) source of financing

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Definitions:

Adaptive Variation

Differences among individuals in a population that result from genetic changes and environmental factors, enabling better survival and reproduction.

Genetic Polymorphism

The presence in a population of two or more alleles for a given gene locus.

Natural Selection

A fundamental mechanism of evolution where organisms better adapted to their environment tend to survive and reproduce more than others.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth, driven by natural selection, genetic drift, mutations, and gene flow.