One year ago, Big Deal Closed$-$End Fund had a NAV of $$10\mathrm{.}28$ and was selling at a$($n$)16\%$ discount. Today, its NAV is $$11\mathrm{.}65$ and it is priced at a$($n$)7\%$ premium. During the year, Big Deal paid

dividends of $$0\mathrm{.}38$ and had a capital gains distribution of $$0\mathrm{.}86.$ On the basis of the above information, calculate each of the following.

a$.$ B$$c Ranl'c NinI$/$ haced holding period return for the year.

b$.$ Bis Question Viewer ased holding period return for the year. Did the market premium$/$discount hurt or add value to the investor's return? Explain.

c$.$ Repeat the market$-$based holding period return calculation, except this time assume the fund started the year at a$($n$)16\%$ premium and ended it at a$($n$)7\%$ discount. $($Assume the beginning and

ending NAVs remain at $$10\mathrm{.}28$ and $$11\mathrm{.}65,$ respectively.$)$ Is there any change in this measure of return? Why?

a$.$ Big Deal's NAV$-$based holding period return for the year is $25\mathrm{.}39\%.$

b$.$ Big Deal's market$-$based holding period return for the year is $?\%.$

c$.?$

Please find b and c quesions, listed on the screenshot

Thank you!