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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.

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

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