A closed-end investment company does not stand ready to ____ whenever one of their owners decides to sell them.

Question

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Closed-end investment companies issue a fixed number of shares that are bought and sold on the secondary market among investors, just like stocks. The company does not purchase its own shares back from investors, so it does not stand ready to purchase shares whenever an owner decides to sell them. Choices A and B are not relevant to the question, and the company sponsoring a new issue would involve creating additional shares, not buying back existing ones.

A Closed-End Investment Company Does Not Stand Ready to ____