Which of the following an excellent measure of the value created by the fund's managers in the case of closed-end mutual funds?
A) The ratio of the share price of the closed-end mutual fund to the share price of a similar open-end mutual fund
B) The ratio of the share price of the closed-end mutual fund to the net asset value per share of the portfolio it holds
C) The ratio of the share price of the closed-end mutual fund to the share price of a comparable market index
D) The ratio of the share price of the closed-end mutual fund to the share price of a stock with comparable risk
Correct Answer:
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