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A closed - end fund has total assets of $ 3 6 0 million and liabilities of $ 1 9 0 , 0 0 0

A closed

-

end fund has total assets of $

360

million and liabilities of $

190, 000 .

Currently,

19

million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $

17.55,

what is the premium or discount on the fund?

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