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Which of the following expressions most accurately describes the discount or premium for a CEF? ( Note: Assume NAV represents net asset value. ) NAV

Which of the following expressions most accurately describes the discount or premium for a CEF?

(

Note: Assume NAV

represents net asset value.

)

NAV

/

Price

NAV

Price

/

Price

/

NAV

Price

NAV

/

NAV

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