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

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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 NAV?

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Essentials Of Investments

ISBN: 9780697789945

8th Edition

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

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Question Posted: Jul 26, 2024 09:02 AM

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

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Essentials Of Investments

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