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A close-end fund has $88.7M in assets, $1.2M in debt, and 92.1M shares outstanding. The shares are currently selling for $0.98 per share. Compute the
A close-end fund has $88.7M in assets, $1.2M in debt, and 92.1M shares outstanding. The shares are currently selling for $0.98 per share. Compute the NAV to find that the shares are currently trading at a premium. Represent that premium (the difference between the price per share and the NAV) as a percentage of the NAV. [i.e., just divide the difference by the NAV] Give your answer as a percentage with 2 decimals
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