Question
A closed-end fund has total assets of $405 million and liabilities of $220,000. Currently, 22 million shares are outstanding. What is the NAV of the
A closed-end fund has total assets of $405 million and liabilities of $220,000. Currently, 22 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $17.05, what is the premium or discount on the fund?
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
