*The Metalastan Fund (MF) is a closed-end fund that trades on the NYSE

* MF has10 millionshares outstanding, and the stock trades at $18 per share. What is the market capitalization of MF based on the $18 stock price?

* The MF stock now trades at $20 per share, and the value of all its stock holdings based on local prices is $144 million. What is the Net Asset Value (NAV) per share based on this $144 million value? At $20 per share, is the MF stock trading at a discount or premium to NAV? By how much?

* If the MF stock price now trades at $15 per share, but the underlying NAV in the MF portfolio has risen to $161 million in total, is the stocktrading at a discount or premium? By how much?