Question
A closed-end fund has a total asset of $300 million and liabilities of $2 million. Currently, 20 million shares are outstanding. What is the net
A closed-end fund has a total asset of $300 million and liabilities of $2 million. Currently, 20 million shares are outstanding. What is the net asset value (NAV) of the fund? If the shares currently sell for $12.90, what is the premium or discount on the fund?
(Please show work for help understanding, thank you)
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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
