Question: 1. List and explain the differences between a closed-end investment company and a mutual fund and give the sources of return from an investment in
1. List and explain the differences between a closed-end investment company and a mutual fund and give the sources of return from an investment in a closed-end investment company.
2. Could a closed-end investment company sell for a discount from net asset value but a mutual fund cannot sell for a discount? To answer this question you should differentiate a real estate investment trust (REIT) from a firm involved in building, developing, and owning properties.
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