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Closed-end funds are purchased directly from the funds' manager. traded at NAV. less liquid than open-end...

Closed-end funds are

purchased directly from the funds' manager.

traded at NAV.

less liquid than open-end funds.

best purchased when they are selling at a premium.
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Answer #1

Ans less liquid than open-end funds.

Closed-end funds are less liquid than open-end funds, they are available only through brokers and may get heavily discounted.

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