Close ended and ETF :
(a) provide diversification
(b) provide securities back to the fund
(C) price significantly different from NAV
which is right and why
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Close ended funds are generally active & ETFs are passive so ETF provide diversification
Close ended funds price can differ at a premium or discount but ETF price is close/equal to NAV
So answer is B, it means it investors can sell the security any time back to the fund.