The total assets of Investment Corporation fund are equal to $350 million. It has total liabilities of $30 million and 11 million shares outstanding. Assume that the fund currently sells for $30 per share, what is the funds premium or discount as a percent of NAV? *

a. 4.030% premium

b. 3.125% premium

c. 4.030% discount

d. 3.125% discount

e. None of the above