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The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It has liabilities of $6 million and 9 million shares
The Closed Fund is a closed-end investment company with a portfolio currently worth $170 million. It has liabilities of $6 million and 9 million shares outstanding. Required: a. What is the NAV of the fund? b. If the fund sells for $20 per share, what is its premium or discount as a percent of net asset value Step by Step Solution
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Cash Flow Stock Investing
Authors: Randall Stewart
1st Edition
1980883300, 978-1980883302
