One year ago, Big Deal Closed$-$End Fund had a NAV of $$10\mathrm{.}23$ and was selling at a$($n$)17\%$ discount. Today, its NAV is $$11\mathrm{.}56$ and it is priced at a$($n$)7\%$ premium. During the year, Big Deal paid dividends of $$0\mathrm{.}35$ and had a capital gains distribution of $$0\mathrm{.}88.$ On the basis of the above information, calculate each of the following.

a$.$ Big Deal's NAV$-$based holding period return for the year.

b$.$ Big Deal's market$-$based 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$)17\%$ premium and ended it at a$($n$)7\%$ discount. $($Assume the beginning and ending NAVs remain at $$10\mathrm{.}23$ and $$11\mathrm{.}56,$ respectively.$)$ Is there any change in this measure of return? Why?

a$.$ Big Deal's NAV$-$based holding period return for the year is

$\%.($Round to two decimal places.$)$

b$.$ Big Deal's market$-$bassed holding period return for the year is

$\%.($Round to two decimal places.$)$