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

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You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to $22.50 and the latest close is $20.00. is this fund trading at a premium or discount? How big is the premium or discount?

The fund is trading at a ______ because the market is ______ the NAV

The premium (or discount) is ____% (round to two decimal places. Enter a premium as a positive number and a discount as a negative number)

Related Book For answer-question

Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Jun 25, 2024 04:44 PM

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

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Fundamentals of Investing

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