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Please answer A-C Melanie is considering purchasing shares in an international bond fund. She has limited her search to one open-end and one closed-end fund.

image text in transcribedPlease answer A-C

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: NAV Sales price Annual expenses YTD return Open-End $14.88 no-load 1.49% 11.99 % Closed-End $26.06 $21.65 1.25% 12.37 % 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.)

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