The Closed Fund has a net asset value of $36.83 per share. If the fund sells for $33.46 per share, what is its premium or discount as a percent of net asset value?

Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

B.A closed-end fund starts the year with a NAV of $12.55. By year-end, NAV equals $11.6. At the beginning of the year, the fund was selling at a 2% premium to NAV. By the end of the year, the fund is selling at an 8% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.17. What is the rate of return to an investor in the fund during the year?