The amount by which a closed-end fund's share price in the secondary market is above the fund's NAV is called the

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When a closed-end fund's share price in the secondary market is above the fund's Net Asset Value (NAV), it is said to be trading at a premium. This means investors are willing to pay more than the fund's current NAV per share, often due to the fund's management, performance expectations, or other factors.

The Amount by Which a Closed-End Fund's Share Price in the Secondary