Closed-end investment companiesO have a fixed number of shares.can trade at a price that is greater than, equal to, or less than theNAV.will trade at a different price as the number of shares of the fundchanges.O A and C only.O A and B only..

Close end investment companies are companies that sell a limited number of shares to investors and…

Closed-end investment companies O have a fixed number of shares. can trade at a price that is greater than, equal to, or less than the NAV. O will trade at a different price as the number of shares of the fund changes. O A and C only. A and B only.

Closed-end investment companies O have a fixed number of shares. can trade at a price that is greater than, equal to, or less than the NAV. O will trade at a different price as the number of shares of the fund changes. O A and C only. A and B only.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Closed-end investment companies
O have a fixed number of shares.
can trade at a price that is greater than, equal to, or less than the
NAV.
will trade at a different price as the number of shares of the fund
changes.
O A and C only.
O A and B only..

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