The shares of a closed-end investment company often sell for a discount from their net asset value.

Name: The shares of a closed-end investment company often sell for a discount from their net asset value.
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Closed-end investment companies issue a fixed number of shares that trade on a stock exchange or over the counter. The market price of these shares can fluctuate based on supply and demand, often leading them to sell at a discount (or sometimes at a premium) to their net asset value (NAV).

The Shares of a Closed-End Investment Company Often Sell for a Discount