The Shares of a Closed-End Fund with Market Value Assets

question 15

True/False

The shares of a closed-end fund with market value assets of $200 million and two million shares outstanding will always trade at a market value of $100 per share.

---

Definitions:

Motion for Summary Judgment

A legal motion requesting the court to decide a lawsuit in favor of the applicant without a full trial, based on submitted evidence, because there are no material issues of fact to be resolved.

Incapacitated Party

An individual who lacks the legal capacity to make decisions or enter into contracts due to mental disability, age, or other disabling conditions.

Status Quo

The existing state of affairs or current condition, often used in the context of political or social issues.

Misrepresented Age

The act of presenting a false age or the incorrect age information, intentionally or unintentionally, in a situation where age is a relevant factor.