Assume that you have a closed-end fund that invests in average risk stocks. Assume also that you expect the market (average risk investments) to make 11.5% annually over the long term. If the closed end fund underperforms the market by 0.50% and there is a growth rate of 4% in the fund in perpetuity, estimate the discount on the fund. A. % 6.93 B. % 6.06 C. % 5.74 D. % 5.21