Question
A closed-end fund has total assets of $290 million and liabilities of $800,000. Currently, 20 million shares are outstanding. If the shares currently sell for
A closed-end fund has total assets of $290 million and liabilities of $800,000. Currently, 20 million shares are outstanding. If the shares currently sell for $15.66, what is the percentage premium or discount on the fund? (Note: Enter premium as a positive number and a discount as a negative number.)
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Innovation In Public Transport Finance
Authors: Shishir Mathur
1st Edition
1138250139, 978-1138250130
