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The net asset value of a closed-end investment company increases with 1) 2) higher stock prices 4) larger number of shares 3) lower stock prices

The net asset value of a closed-end investment company increases with 1) 2) higher stock prices 4) larger number of shares 3) lower stock prices 3) increased liabilities
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The net asset value of a closed-end investment company increases with 1) higher stock prices 2) larger number of shares 3) lower stock prices 4) increased liabilities

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