Question
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It has liabilities of $6 million and 12 million shares
The Closed Fund is a closed-end investment company with a portfolio currently worth $180 million. It has liabilities of $6 million and 12 million shares outstanding. a. What is the NAV of the fund?
b. If the fund sells for $15 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.)
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
