Closed-end investment company sell for a discount

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Reference no: EM131619472

1. If the shares of a closed-end investment company sell for a discount,

a. the price of the stock is less than the company's liabilities

b. the value of the assets have declined more than the price of the stock

c. the shares are undervalued

d. the net assets exceed the price of the shares

2. If a stock rose from $10 to $30 over ten years, the annual rate of return

a. was less than 20 percent

b. was greater than 20 percent

c. was 20 percent

d. cannot be determined

Reference no: EM131619472

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