单项选择题

According to the passage, if share prices are below NAV, closed-end funds will be______.

A．at a discount
B．at a fall
C．at a premium
D．at a rise
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单项选择题
The word leverage (Line 2, Para. 5) can be interpreted as______.
A．power of a lever that makes things easier
B．the way in which incremental income is generated
C．investing in closed-end municipal bond funds
D．influence of paying interest at short-term rates
单项选择题
The other way than leverage for investors to boost yield is that they______.
A．pay interest at short-term rates and yield at long-term rates
B．widen the spreads between AMT and non-AMT issues to profit themselves
C．include bonds subject to AMT in their portfolios to make yield advantage
D．narrow the average discount level until below net asset value
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