Explain Why Closed-End Funds Can Sell at Prices Other Than

question 71

Essay

Explain why closed-end funds can sell at prices other than the fund's NAV.

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Definitions:

For Loop

A For Loop is a control flow statement in programming that repeatedly executes a block of code a set number of times.

Update Expression

In programming, an expression within a loop that modifies the loop's controlling variable to progress towards the loop's termination condition.

For Loop

A programming structure that repeats a block of code a specified number of times or until a particular condition is met.

Break Statement

A control statement used to terminate the loop or switch statement in which it appears and transfer control to the following statement.