Which of the following is false about closed-end mutual funds?
A) Closed-end funds are not publicly traded.
B) Closed-end funds issue a fixed number of shares that trade over the counter or on a stock exchange.
C) Once closed-end funds are issued, they are sold in public markets at their current market value just like stocks.
D) Closed-end funds often sell at a discount from their Net Asset Value.
Correct Answer:
Verified
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