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The Closed Fund is a closed-end investment company with a portfolio currently worth $275 million. It has liabilities of $4.2 million and 6 million shares

The Closed Fund is a closed-end investment company with a portfolio currently worth $275 million. It has liabilities of $4.2 million and 6 million shares outstanding.

If the fund sells for $38 per share, what is its premium or discount as a percent of NAV?

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