Abstract
Part II of this book contains a theoretical and empirical analysis on the special equity asset class of closed-end funds. The analysis contributes to the pricing literature on closed-end funds in that we develop a valuation model that captures the distinct pricing characteristics of closed-end fund market shares. Given the pricing model we are able to perform a general closed-end fund analysis and derive insights into two potential applications of the model valuable for investment decisions.
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© 2004 Springer-Verlag Berlin Heidelberg
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Kellerhals, B.P. (2004). Summary and Conclusions. In: Asset Pricing. Springer Finance. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24697-8_7
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DOI: https://doi.org/10.1007/978-3-540-24697-8_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-05879-0
Online ISBN: 978-3-540-24697-8
eBook Packages: Springer Book Archive