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Closed-end funds are on average issued at a ______ to NAV and subsequently trade at a __________ to NAV. A. discount; discount B. discount; premium
Closed-end funds are on average issued at a ______ to NAV and subsequently trade at a __________ to NAV.
A. | discount; discount
| |
B. | discount; premium
| |
C. | premium; premium | |
D. | premium; discount
| |
E. | No consistent relationship has been observed. |
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