Melanie is considering purchasing shares in an international bond fund She has limited her search to one open-end and one closed and fund Information on the funds follows: NAV Closed-End $1904 Open-End $1048 no load 103% 12 05% Sales price Annual expenses YTD return $1721 0 81% 12 48% a. How much would Melanie pay per share for the open and fund? How much would she pay pet share for the closed and 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 and fund? Why or why not