Why can a closed-end investment company sell for a discount from net asset value but a mutual

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Why can a closed-end investment company sell for a discount from net asset value but a mutual fund cannot sell for a discount?

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Investments An Introduction

ISBN: 978-1305638419

12th edition

Authors: Herbert B. Mayo

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Question Posted: Sep 07, 2016 09:18 AM

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Why can closed-end investment companies sell for a discount but mutual funds cannot sell for a discount?
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Why can a closed-end investment company sell for a discount from net asset value but a mutual

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Investors acquire shares of mutual funds for their net asset value plus any applicable l...View the full answer

Investments An Introduction

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