The shares of a closed-end fund with market value of assets of $200 million and 2 million shares outstanding will always trade at a market value of $100 per share.

Question

Quizplus · Accepted Answer

The market value of the shares of a closed-end fund can vary based on supply and demand factors, as well as changes in the underlying value of the fund's assets. Therefore, the shares may trade at a premium or discount to their net asset value (NAV).

The Shares of a Closed-End Fund with Market Value of Assets