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4-15 (Algo) The Closed Fund is a closed-end investment company with a portfolio currently worth $315 million. It has liabilities of $5 million and 8
4-15 (Algo) The Closed Fund is a closed-end investment company with a portfolio currently worth $315 million. It has liabilities of $5 million and 8 million shares outstanding. Required: a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $35 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Do not round your intermediate calculations. Round your answer to 2 decimal places.)
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Capitalism Without Capital The Rise Of The Intangible Economy
Authors: Jonathan Haskel, Stian Westlake
1st Edition
0691183295, 978-0691183299
