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Question
If you purchase shares in a closed-end fund at the initial offer price, you should expect to:A. earn an abnormally high rate of return the first year.
B. immediately see a decrease in the value of your investment.
C. receive offers to purchase your shares at a premium prior to the official first day of trading.
D. earn tax-advantaged income.
E. realize a capital gain if you sell your shares as soon as trading in the shares commences.
Answer
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