9. The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It

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9. The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding.

a. What is the NAV of the fund?

b. If the fund sells for $36 per share, what is its premium or discount as a percent of net asset value?

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Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jul 23, 2024 11:02 AM

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9. The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It

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Investments

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