1.) One year ago, Super Star Closed-End Fund had an NAV of $10.40 and was selling at an 18% discount. Today, its NAV is $11.69 and it is prices at a 4% premium. During the year, Super Star paid dividends of $0.40 and had a capital gains distribution of $0.95. One the basis of this information, calculate each of the following: a.) Super Stars NAV-based holding period return for the year. b.) Super Stars market-based holding period return for the year. Did the market premium/discount hurt of add value to the investors return? Explain. c.) Repeat the market-based holding period return calculation, except this time assume the fund started the year at an 18% premium and ended it at a 4% discount. (Assume the beginning and ending NAVs remain at $10.40 and $11.69, respectively.) Is there any change in this measure of return? Why?