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2. The net asset value of shares in a closed-end investment company is $36. An investor buys the shares for $34 in the secondary market.

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2. The net asset value of shares in a closed-end investment company is $36. An investor buys the shares for $34 in the secondary market. The company distributes $1 and after one year, the net asset rises to $42. The investor sells the shares for $44 in the secondary market. a. What is the discount? b. What is the percentage return on the investment? c. In both problems 1 and 2, the investment company's net asset value rose from $36 to $42 and the company distributed $1. Why are the percentage returns different

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