Question: Which statement is false regarding closed-end funds? A. Closed-end funds always trade at their net asset value. B. There are far fewer closed-end funds than

Which statement is false regarding closed-end funds?

A. Closed-end funds always trade at their net asset value.

B. There are far fewer closed-end funds than there are open-end funds.

C. Closed-end funds have a fixed number of shares.

D. Closed-end funds may trade on organized exchanges or in the over-the-counter market.

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