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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 312 discussion

Actual exam question from FINRA's Series 7
Question #: 312
Topic #: 1
[All Series 7 Questions]

The amount for which the securities of a close-end investment company are selling above net asset value is know as:

  • A. premium
  • B. discount
  • C. commission
  • D. sales charge
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Suggested Answer: A 🗳️
premium. The price of closed-end investment companies is determined by trading of their shares in the open market. The price may be a discount to net asset value or a "premium" above net asset value.
by lolojepu at April 6, 2025, 2:17 a.m.

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