April 1, 2009
Online currency trading – 2.Prices of closed-end-company shares are determined (like the quotations of all shares other than those of open-end com panies) by supply and demand.
Closed-end shares, therefore, may sell at, above, or below net asset value. The stocks of most important closed-end companies are listed on a national secu rities exchange. 3.Closed-end companies do not agree to redeem their out standing shares at the request of shareholders. For many years, the aggregate capital of closed-end companies far exceeded the funds of open-end companies.
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