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One year ago, Super Star Closed-End Fund had a NAV of $10.26 and was selling at a(n) 16% discount. Today, its NAV is $11.75 and

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One year ago, Super Star Closed-End Fund had a NAV of $10.26 and was selling at a(n) 16% discount. Today, its NAV is $11.75 and it is priced at a(n) 3% premium. During the year, Super Star paid dividends of $0.49 and had a capital gains distribution of $0.93. On the basis of the above information, calculate each of the following. a. Super Star's NAV-based holding period return for the year. b. Super Star'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) 16% premium and ended it at a(n) 3% discount. (Assume the beginning and ending NAVs remain at $10.26 and $11.75, respectively.) Is there any change in this measure of return? Why

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