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Arbitrage by authorized participants prevents closed-end fund prices from differing from their net asset value. True O False

Arbitrage by authorized participants prevents closed-end fund prices from differing from their net asset value. True O False

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Arbitrage by authorized participants prevents closed-end fund prices from differing from their net asset value. True False
Transcribed Image Text:Arbitrage by authorized participants prevents closed-end fund prices from differing from their net asset value. True False
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