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The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. t has liabilities of $3 million and 5 million shares
The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. t has liabilities of $3 million and 5 million shares outstanding a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV s b. If the fund sells for $30 per share, what is its premium or discount as a percent of NAV? (Input the amount as a posi Round your answer to 2 decimal places.) The fund sells at a(n) 96 (Click to select) -1 from NAV
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