There is often a difference between the NAV of a ________ underlying portfolios and the price of its funds that are bought and sold. This difference is called a ________ when the price is greater than the NAV.

Question

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Closed-end funds often have a difference between their NAV and the market price of their shares. When the price is higher than the NAV, it is referred to as a premium.

There Is Often a Difference Between the NAV of a ________