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If the shares of a closed-end investment company sell for a discount, a. the price of the stock is less than the company's liabilities b.

If the shares of a closed-end investment company sell for a discount,

a.

the price of the stock is less than the company's liabilities
b.

the value of the assets have declined more than the price of the stock
c.

the shares are undervalued
d.

the net assets exceed the price of the shares

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