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10. Closed-end investment companies A. have a variable number of shares based on demand. B. can trade at a price that is greater than, equal
10. Closed-end investment companies
A. have a variable number of shares based on demand.
B. can trade at a price that is greater than, equal to, or less than the NAV.
C. will trade at a different price as the number of shares of the fund changes. D. issues shares that cannot be sold; hence the term "closed."
E. will repurchase shares when investors want to sell.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
