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Discuss the advantages and disadvantages of closed-end country funds (C.E.C.F.s) relative to American depository receipts (A.D.R.s) as a means of international diversification. Why do you

Discuss the advantages and disadvantages of closed-end country funds (C.E.C.F.s) relative to American depository receipts (A.D.R.s) as a means of international diversification. Why do you think closed-end country funds often trade at a premium or discount?

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