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

Name: The amount by which a closed-end fund's share price in the secondary market is below the fund's NAV is called the
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The amount by which a closed-end fund's share price in the secondary market is below the fund's Net Asset Value (NAV) is referred to as a discount. Conversely, if the share price is above the NAV, it is said to be trading at a premium.

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