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The Closed Fund is a closed-end investment company with a portfolio currently worth $130 million. It has liabilities of $4 million and 7 million shares

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The Closed Fund is a closed-end investment company with a portfolio currently worth $130 million. It has liabilities of $4 million and 7 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV b. If the fund sells for $16 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.) of %

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