The Good Pick Closed-End Fund turned in the following performance for the year

2019:

Item Beginning of the Year End of the Year NAV 7.51 9.21 Market price of the fund shares 7.85 9.06 Dividends paid over the year 0.00 1.38 Capital gains distributed over the year 0.00 0.92

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.