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15. 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

15. 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. (LO 4-3) a. What is the NAV of the fund? b. If the fund sells fort $36 per share, what is its premium or discount as a percent of NAV

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