Which one of the following statements regarding closed-end mutual funds is false? Multiple Choice The funds always trade at a discount from NAV and redeem shares at their net asset value. None of the options are correct. The funds offer investors professional management. The funds always trade at a discount from NAV. The funds redeem shares at their net asset value.

Closed-end mutual fund is the type of fund in which there is no new Investment money. The number of outstanding shares in this fund does not change. Closed-end fund can either sell for a premium or discount to net asset value depending on the demand for the shares.

Shares of open-end fund are redeemed are their net asset value and not closed-end fund.

andromache andromache · Answer 2 · 2022-01-21T12:36:58+01:00

The answer is A. funds always trade at a discount from NAV and redeem shares at their net asset value

The following information should be considered:

Closed-end mutual fund refers to the type of fund where there is no new Investment money.
The number of outstanding shares in this fund remains same.
Closed-end fund can either sell for a premium or discount.

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