Question
A closed-end fund has total assets of $285 million and liabilities of $140,000. Currently, 14 million shares are outstanding. What is the NAV of the
A closed-end fund has total assets of $285 million and liabilities of $140,000. Currently, 14 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.75, what is the premium or discount on the fund?
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
