The shares of a closed-end investment company often sell for discount.

Name: The shares of a closed-end investment company often sell for discount.
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It is common for the shares of a closed-end investment company to sell for less than their net asset value, resulting in them being sold at a discount. This is due to factors such as a lack of liquidity and market demand, as well as the presence of fees and expenses that can reduce the value of the shares.

The Shares of a Closed-End Investment Company Often Sell for Discount