Investors in closed-end funds who wish to liquidate their positions must a. sell their shares to other investors. b. sell their shares to the issuer at a discount to Net Asset Value. c. sell their shares to the issuer at a premium to Net Asset Value. d. sell their shares to the issuer for Net Asset Value. e. hold their shares to maturity

The correct answer is letter "A": sell their shares to other investors.

Explanation:

Closed-end funds are pools of assets that at the beginning raise a fixed amount of income thanks to an Initial Public Offering (IPO) and later on trades in a public stock exchange. Close-end funds are said to provide higher returns than open-end funds. When investors have a position with a closed-end fund, to exit it the number of shares held must be sold to another investor.

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