Question
The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $450 million. It has liabilities of $4 million and 8 million
The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $450 million. It has liabilities of $4 million and 8 million shares outstanding. If the fund sells for $53 a share, what is its premium or discount as a percent of NAV?
$5.19% discount
$5.19% premium
$4.93% discount
$4.93% premium
An open-end fund has a NAV of $23.50 per share. The fund charges a 6% load. What is the offering price?
$22.17
$25.00
$24.91
$23.44
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
