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A closed - end fund has total assets of $ 5 2 5 million and liabilities of $ 3 0 0 , 0 0 0

A closed-end fund has total assets of $525 million and liabilities of $300,000. Currently, 30 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.40, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded to 2 decimal places.)
\table[[Net asset value,$,17.49],[Premium(discount),,4.95]]
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