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With regard to the past price performance of closed-end mutual funds Multiple Choice all of the options most funds trade on a stock exchange just

With regard to the past price performance of closed-end mutual funds

Multiple Choice

  • all of the options

  • most funds trade on a stock exchange just like a publicly traded corporation.

  • most funds have traded at both a premium and a discount to NAV.

  • suggests the risk-return characteristics can be quite different from those of the securities underlying the fund.

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