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
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