A closed-end fund has total assets of $240 million and liabilities of $110,000. Currently, 11 million shares
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A closed-end fund has total assets of $240 million and liabilities of $110,000. Currently, 11 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $19.25, what is the premium or discount on the fund?
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Gabriela Rosalía Castro
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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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