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Just part C The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at

Just part C
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The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV). a. What is the net asset value of the fund? b. What is the current price of the fund? c. Suggest two reasons why the fund may be trading at a discount from net asset value

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