51.
Closed-end investment companies generally:
Select exactly 1 answers from the following:
A. buy shares back from investors who want to sell.
B. have net asset values equal to their market prices.
C. sell additional shares only through the secondary market.
D. have the market price of their shares determined by supply and demand.
答案和详解如下！
Feedback: Correct answer: D
揂lternative Investments,?Ch. 8, International Investments, 5th edition, Bruno Solnik and Dennis McLeavey (Addison Wesley, 2004), pp. 373?74 2006 Modular Level I, Vol. IV, pp. 621-622 Study Session 17-75-a distinguish between an open-end and a closed-end fund
The market price of a closed-end investment company抯 shares is determined in the secondary markets in which the shares trade.
| 
发表于 2006-11-21 12:27
| 
