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A registered investment company whose share price fluctuates independently of its net asset value is most likely
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A registered investment company whose share price fluctuates independently of its net asset value is most likely

User Emad Mokhtar
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1 Answer

6 votes

Answer:

Closed-End Fund

Step-by-step explanation:

Close-End Funds raise money through an IPO and then its stocks are traded on secondary markets. There are no new issuance of stocks, nor there are repurchases of stocks, therefore, the price of their stocks is determined by the market. That is why their stock price will be based on its net asset value, but it fluctuates and is not dependent on it.

User Shateema
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