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TJ invests in a closed end fund, buying when the NAV is $85 but shares are trading at a 3% premium. He holds onto it
TJ invests in a closed end fund, buying when the NAV is $85 but shares are trading at a 3% premium. He holds onto it until the $3 income payment, when he sells at a 3% discount from the NAV, which is still $85. What is his HPR? Enter in percentage points rounded to the nearest 2 decimal points (1.23456% should be entered as 1.23.)
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