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The Closed Fund is a closed-end investment company with a portfolio currently worth $230 million. It has liabilities of $4 million and 5 million shares

The Closed Fund is a closed-end investment company with a portfolio currently worth $230 million. It has liabilities of $4 million and 5 million shares outstanding.

a.What is the NAV of the fund?(Round your answer to 2 decimal places.)

b.If the fund sells for $42 per share, what is its premium or discount as a percent of NAV?(Input the amount as a positive value. Round your answer to 2 decimal places.)

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