3. You are interested in making an investment in a mutual fund that has assets at the beginning of year $24 million. It has liabilities of $ 4 million, and 2 million shares outstanding, it is expected that the fund will distribute year-end dividend of $0.2/ share. If the fund sells for $12 dollars per share, then the fund's share is selling: * A) Premium of 20% B) Discount of 20% C) No change as the fund's share will be selling at NAV D) None of the above