Investments, 11th Edition (exclude Access Card)
11th Edition
ISBN: 9781260201543
Author: Zvi Bodie Professor; Alex Kane; Alan J. Marcus Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 5PS
Summary Introduction
To determine:
The reason behind difference in the price to sell between open end funds and closed end funds with respect to its net asset value.
Introduction:
Closed end funds refer to the fund that are offered by the investment company by initial public offering and they are usually fixed in number. Open end funds on the other hand, are offered by the fund company directly to investors. The quantity of shares is fixed in case of open end funds.
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