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The Mayflower closed end fund has assets of $ 100 million. It has abilities of $35 million and 10 million shares outstanding. If the fund

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The Mayflower closed end fund has assets of $ 100 million. It has abilities of $35 million and 10 million shares outstanding. If the fund sells Yor $6 a share, what is its premium or discount as a percent of NAV? 7.69% premium 7.69% discount 8.33% discount 8.33% premium

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