CFA Practice Question

CFA Practice Question

The NAV of a closed-end investment company is computed ______.
A. twice every day of trading
B. once every day of trading
C. once every financial year
Explanation: The NAV of a closed-end investment company is computed twice every day of trading when there are prevailing market prices for the portfolio securities.

User Contributed Comments 2

User Comment
mpapwa22 What about open-end investment?
pepper once daily
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