A fund has a NAV of $30 per share but the shares are currently selling for $32. This fund must be

Name: A fund has a NAV of $30 per share but the shares are currently selling for $32. This fund must be
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Question

Quizplus · Accepted Answer

A closed-end fund typically trades at a premium or discount to its NAV, unlike an open-ended fund where shares are bought and sold at the NAV. Therefore, the fact that the shares are selling for $32 while the NAV is $30 indicates that it is a closed-end fund.

A Fund Has a NAV of $30 Per Share but the Shares