it is Closed End Fund for the prices and NAV of a recently IPO-ed closed end fund, HGLB.

A. [5 points] For each day, compute the premium (discount) of the price to the NAV. Compute the average daily premium. B. [3 points] Plot the premium (discount) through time on a graph. C. [2 points] Explain if this fund exhibits the same premium(discount) pattern around its IPO and post-IPO period as the example we discussed in class.

HGLB NAV HGLB Price 15.08 15.05 15.2 15.1074 15.17 15.19 15.14 14.12 15.05 13.15 - 15.01 12.74 14.89 13.3 14.92 13.48 14.9 13.43 15.06 13.46 14.89 13.1551 14.86 12.85 Date - 15/02/2019 - 19/02/2019 - 20/02/2019 21/02/2019 22/02/2019 25/02/2019 = 26/02/2019 27/02/2019 0 28/02/2019 1 01/03/2019 2 04/03/2019 3 05/03/2019 4 06/03/2019 5 07/03/2019 6 08/03/2019 7 11/03/2019 8 12/03/2019 9 13/03/2019 o 14/03/2019 1 15/03/2019 2 18/03/2019 3 19/03/2019 4 20/03/2019 5 21/03/2019 6 22/03/2019 7 25/03/2019 14.68 12.78 14.66 12.95 14.66 13.16 14.77 13 14.88 12.95 14.94 12.98 14.91 12.85 14.91 12.83 15.11 12.9 15.12 12.92 15.09 12.94 15.2 12.8499 15.03 12.7601 14.97 12.92 HGLB NAV HGLB Price 15.08 15.05 15.2 15.1074 15.17 15.19 15.14 14.12 15.05 13.15 - 15.01 12.74 14.89 13.3 14.92 13.48 14.9 13.43 15.06 13.46 14.89 13.1551 14.86 12.85 Date - 15/02/2019 - 19/02/2019 - 20/02/2019 21/02/2019 22/02/2019 25/02/2019 = 26/02/2019 27/02/2019 0 28/02/2019 1 01/03/2019 2 04/03/2019 3 05/03/2019 4 06/03/2019 5 07/03/2019 6 08/03/2019 7 11/03/2019 8 12/03/2019 9 13/03/2019 o 14/03/2019 1 15/03/2019 2 18/03/2019 3 19/03/2019 4 20/03/2019 5 21/03/2019 6 22/03/2019 7 25/03/2019 14.68 12.78 14.66 12.95 14.66 13.16 14.77 13 14.88 12.95 14.94 12.98 14.91 12.85 14.91 12.83 15.11 12.9 15.12 12.92 15.09 12.94 15.2 12.8499 15.03 12.7601 14.97 12.92