Investment VehiclesCâu 81 / 100
A closed-end fund's shares:
a.Are always redeemed at net asset value
b.Are sold only by the issuer
c.Trade on an exchange and may sell at a premium or discount to NAV
d.Cannot be bought after the IPO
Giải thích
Closed-end funds issue a fixed number of shares in an IPO that then trade on an exchange, where market forces can push the price above or below net asset value. Unlike open-end funds, they do not redeem shares at NAV. Investors buy and sell them like stocks.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A bond's price and prevailing interest rates generally have what relationship?
- A zero-coupon bond:
- An open-end investment company (mutual fund):
- A call option gives the holder the right to:
- A put option is generally used by an investor who:
- A variable annuity's separate account value during the accumulation phase:
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