CFA Practice Question

There are 294 practice questions for this study session.

CFA Practice Question

An investor can liquidate his holdings in a closed-end fund by selling his shares ______.
A. in the secondary market
B. back to the fund at the fund's net asset value
C. back to the fund after paying a redemption fee
Explanation: Closed-end funds raise initial capital by selling shares. However, the funds do not sell or buy back their shares from shareholders. Like the shares of any other company, shares of closed-end funds trade on the secondary markets.

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kellyyang key words: Closed-end fund By selling and Secondary market!
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