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21. A closed-end fund has total assets of $240 million and liabilities of $110,000. There are 11 million shares outstanding. If the shares currently sell

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21. A closed-end fund has total assets of $240 million and liabilities of $110,000. There are 11 million shares outstanding. If the shares currently sell for $19.25, what is the premium or discount on the fund? A. A discount greater than 5% B. A discount less than 5% C. It is trading at the Net Asset Value (NAVI D. A premium less than 5% E. A premium greater than 5%

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