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Problem 4-15 The Closed Fund is a closed-end investment company with a portfolio currently worth $210 million. It has liabilities of $2 million and 4
Problem 4-15 The Closed Fund is a closed-end investment company with a portfolio currently worth $210 million. It has liabilities of $2 million and 4 million shares outstanding. a What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV b. If the fund sells for $48 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells at a(n) jfrom NAV
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