You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to

$23.77

and the latest close is

$ 25.48

.

Is this fund trading at a premium or a discount? How big is the premium or discount?

The fund is trading at a

premium

discount

because the market price is

above

below

the NAV.(Select from the drop-down menus.)

The premium (or discount) is

nothing

%.

(Round to two decimal places. Enter a premium as a positive number and a discount as a negative number.)