Melanie is considering purchasing shares in an international bond fund. She has limited her search to one open$-$end and one closed$-$end fund. Information on the funds follows:

a$.$ How much would Melanie pay per share for the open$-$end fund? How much would she pay per share for the closed$-$end fund?

b$.$ Is the closed$-$end fund selling at a discount or a premium to its NAV?

c$.$ Given both funds' similar returns and expense ratios, would you recommend that Melanie purchase the closed$-$end fund? Why or why not?

a$.$ The amount Melanie would pay per share for the open$-$end fund would be$?.($Round to the nearest cent.$)$

The amount Melanie would pay per share for the closed$-$end fund would be $ $($Round to the nearest cent.$)$

b$.$ Is the closed$-$end fund selling at a discount or a premium to its NAV? $($Select the best answer below.$)$

A$.$ The closed$-$end fund is selling at a discount of $$6\mathrm{.}56($$$16\mathrm{.}49-$$$9\mathrm{.}93)$ to its NAV.

B$.$ The closed$-$end fund is selling at a premium of $$2\mathrm{.}20($$$16\mathrm{.}49-$$$14\mathrm{.}29)$ to its NAV.

C$.$ The closed$-$end fund is selling at a discount of $$2\mathrm{.}20($$$16\mathrm{.}49-$$$14\mathrm{.}29)$ to its NAV.

c$.$ Given both funds' similar returns and expense ratios, would you recommend that Melanie purchase the closed$-$end fund? Why or why not? $($Select the best answer below.$)$

bonds.

bonds. These issues would have to be weighed in making the decision to purchase.