a. Big Deal's NAV-based holding period return for the year is ___ (Round to two decimal places.)

b. Big Deal's market-based holding period return for the year is ___ (Round to two decimal places.)

The market ( Pick Premium or discount) applied to the purchase price and the market ( Pick Premium or discount) applied to the sale. Therefore, the investor's return (Pick Benefited / Did Not Benefit

c. Assuming the beginning and ending NAV remain the same and the fund started the year at a(n) 20% premium and ended it at a(n) 5% discount, the holding period return is

Because the (Pick Premium or Discount) applied to the purchase price and the (Pick Premium or Discount) applied to the ending period price, the HPR is significantly (Pick Higher or Lower) Both the premium and discount values affect the investor's HPR.

One year ago, Big Deal Closed-End Fund had a NAV of $10.22 and was selling at a(n) 20% discount. Today, its NAV is $11.64 and it is priced at a(n) 5% premium. During the year, Big Deal paid dividends of $0.37 and had a capital gains distribution of $0.91. On the basis of the above information, calculate each of the following. a. Big Deal's NAV-based holding period return for the year. b. Big Deal's market-based holding period return for the year. Did the market premium/discount hurt or add value to the investor's return? Explain. c. Repeat the market-based holding period return calculation, except this time assume the fund started the year at a(n) 20% premium and ended it at a(n) 5% discount. (Assume the beginning and ending NAVs remain at $10.22 and $11.64. respectivelv.) Is there anv chande in this measure of return? Whv? One year ago, Big Deal Closed-End Fund had a NAV of $10.22 and was selling at a(n) 20% discount. Today, its NAV is $11.64 and it is priced at a(n) 5% premium. During the year, Big Deal paid dividends of $0.37 and had a capital gains distribution of $0.91. On the basis of the above information, calculate each of the following. a. Big Deal's NAV-based holding period return for the year. b. Big Deal's market-based holding period return for the year. Did the market premium/discount hurt or add value to the investor's return? Explain. c. Repeat the market-based holding period return calculation, except this time assume the fund started the year at a(n) 20% premium and ended it at a(n) 5% discount. (Assume the beginning and ending NAVs remain at $10.22 and $11.64. respectivelv.) Is there anv chande in this measure of return? Whv