You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to $ and the latest close is . Is this fund trading at a premium or a discount? How big is the premium or discount? Question content area bottom Part 1 The fund is trading at a premium because the market price is above the NAV.(Select from the drop-down menus.) Part 2 The premium (or discount) is ? (Round to two decimal places. Enter a premium as a positive number and a discount as a negative number.)