Question
The closed fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3million and $5 million shares outstanding.
The closed fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3million and $5 million shares outstanding. a. What is the NAV of the fund? b. If the fund sells for $36 per share, what is its premium or discount as a percent of NAV?
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Criminal Capital How The Finance Industry Facilitates Crime
Authors: S. Platt
1st Edition
113733729X,1137337303
