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Closed-end mutual fund XYZ shares currently trade at $44. It has 35.25 million in liabilities and 6.51 million shares outstanding. The fund is trading at
Closed-end mutual fund XYZ shares currently trade at $44. It has 35.25 million in liabilities and 6.51 million shares outstanding. The fund is trading at a 10% premium over its NAV. Calculate the implied portfolio value (in millions). Answers must be entered with 2 decimal places and no dollar signs, e.g. 6 as 6.00; 32.346 as 32.35
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