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The Good Pick Closed-End Fund turned in the following performance for the year 2019: a. Based on this information, what was the NAV-based HPR for

image text in transcribedimage text in transcribed The Good Pick Closed-End Fund turned in the following performance for the year 2019: a. Based on this information, what was the NAV-based HPR for the GPCEF in 2019? b. Find the percentage (\%) premium or discount at which the fund was trading at the beginning of the year and at the end of the year. Note: For a discount enter a negative value. c. What was the market-based HPR for the fund in 2019? Did the market premium or discount add to or hurt the holding period return on this CEF? Explain. \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Item } & Beginning of the Year & Endof the Year \\ \hline \hline NAV & 7.55 & 9.27 \\ \hline Market price of the fund shares & 7.84 & 9.04 \\ \hline Dividends paid over the year & 0 & 1.23 \\ \hline Capital gains distributed over the year & 0 & 0.98 \\ \hline \end{tabular}

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