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 |