Which of the following statements regarding the closed-end investment company's net asset value (NAV) is false?
A) NAV is computed throughout the day based on prevailing market prices for the portfolio of securities
B) The market price of the shares is determined by how they trade on the exchange
C) NAV and market price of a closed-end fund are almost never the same
D) No new investment dollars are available for the investment company unless it makes another public sale of securities
E) All of the above are true
Correct Answer:
Verified
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