Question

A closed-end fund has total assets of $375 million and
liabilities of $200,000. Currently, 20 million shares are
outstanding. What is the NAV of the fund? If the shares currently
sell for $17.90, what is the premium or discount on the fund?
**(A negative value should be indicated by a minus sign. Do
not round intermediate calculations. Round the NAV answer to 2
decimal places. Enter the premium or discount as a percent rounded
to 2 decimal places.)**

Net asset value

Premium(discount)%

Answer #1

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