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An investor sells shares of a closed-end fund at the market.

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An investor sells shares of a closed-end fund at the market. Which of the following responses best describes the net proceeds to be received?

A.

Net asset value (NAV)

B.

NAV less any redemption fee

C.

Bid price less any commission

D.

Public offering price (POP) less any redemption fee

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FINRA SIE Summary

  • Vendor: FINRA
  • Product: SIE
  • Update on: Jul 4, 2026
  • Questions: 410
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TESTED 05 Jul 2026