The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding. Required: a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $36 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Do not round your intermediate calculations. Round your answer to 2 decimal places.)