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An investor who trades a closed-end fund would receive which of the following prices? (A) The current market price (B) The price is based on the closing market price of the day (C) The current NAV of the
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An investor who trades a closed-end fund would receive which of the following prices? (A) The current market price (B) The price is based on the closing market price of the day (C) The current NAV of the shares (D) The value of the NAV from the previous trading day

User Don Scott
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Answer:

A) The current Market price

Step-by-step explanation:

An investor trading a Closed-end Fund markets will receive the prevailing current market prices of the investment. The Closed-end funds {CEFs} comprises of a fixed number of shares availed to the market through an initial public offer. The fund trade anytime as long as the market is open. It is common for CEFs to trade at either a discount or a premium. Demand forces drive the prices of closed-end funds. Examples include municipal bond funds.

User Raul Luna
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