Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 29, 2024

QUESTION 14 A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV

QUESTION 14 A closed-end fund has total assets of $255 million and liabilities of $120,000. Currently, 12 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $22.59, what is the premium or discount on the fund? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to 2 decimal places. Enter the premium or discount as a percent rounded to 2 decimal places.) $ Net Asset Value Premium (Discount) %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+) Find the proportions of each income group who are social networking users.

Answered: 1 week ago

Question

★★★★★

September Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following:1. FICA OASDI...

Answered: 1 week ago

Question

★★★★★

Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2013, Kress sold 227,200 shares and reacquired 1,650 of those shares. The...

Answered: 1 week ago

Question

★★★★★

The oscillating current in an electrical circuit is as follows, where I is measured in amperes and t is measured in seconds. I = 3 sin(1202rt) + cos(602rt) Find the average current for each time...

Answered: 1 week ago

Question

★★★★★

Part 1: The Circular Flow Model Use the numbers on the circular flow model to label the shapes and arrows indicated on the model with the terms listed below. Pay very close attention to the direction...

Answered: 1 week ago

Question

★★★★★

Account Number Name 1110 Cash 1120 Accounts Receivable 1130 Prepaid Insurance 1140 Prepaid Rent Unadjusted Trial Balance Debit Credit Adjusting Entries Debit Credit Debit Adjusted Trial Balance...

Answered: 1 week ago

Question

★★★★★

Johnson Corporation began the year with inventory of 15,000 units of its only product. The units cost $? each. The company uses a perpetual inventory system and the FIFO cost method. The following...

Answered: 1 week ago

Question

★★★★★

17. Co-ordinates of two charges of equal magnitude 3 C are (2, 0, 0) and (-2, 0, 0). Find the force between them if the distances along axes are in centimetre.

Answered: 1 week ago

Question

★★★★★

An infinite number of charges each of 4 C are placed along x-axis at x=1m, x-2 m, x-4 m, x-8 m and so on. Find the total force on a charge of 1 C placed at origin (x =0m). (IIT)

Answered: 1 week ago

Previous Question Next Question