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The WISCOSIN closed-fund has Ghc50 million in securities, Ghc10 in liabilities, and five million shares outstanding. It trades at a 5% premium above its net
The WISCOSIN closed-fund has Ghc50 million in securities, Ghc10 in liabilities, and five million shares outstanding. It trades at a 5% premium above its net asset value (NAV).
a. What is the net asset value of the fund?
b. What is the current price of the fund?
c. Why might a fund trade at a premium above its net asset value?
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