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A closed-end fund has total assets of $315 million and liabilities of $160,000. Currently, 16 million shares are outstanding. What is the NAV of the

A closed-end fund has total assets of $315 million and liabilities of $160,000. Currently, 16 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $17.80, what is the premium or discount on the fund?

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