Question: Closed-end funds are on average issued at a ______ to NAV and subsequently trade at a __________ to NAV. A. discount; discount B. discount; premium

Closed-end funds are on average issued at a ______ to NAV and subsequently trade at a __________ to NAV.

A.

discount; discount
B.

discount; premium
C.

premium; premium
D.

premium; discount
E.

No consistent relationship has been observed.

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