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NEW QUESTION: 1

A. Option B
B. Option A
C. Option C
D. Option D
Answer: A

NEW QUESTION: 2

A. Option A
B. Option B
C. Option C
D. Option D
Answer: A,B

NEW QUESTION: 3
If a closed-end mutual fund has a net asset value of $15 and is selling at a discount:
A. the market price of the fund is greater than $15 per share
B. the underlying securities are worth more than $15 per share
C. the market price of the fund is less than $15 per share
Answer: C
Explanation:
If a closed-end fund is trading at a discount, then the market price is less than the NAV.

NEW QUESTION: 4

A. Option B
B. Option A
C. Option C
D. Option D
Answer: A