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You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to $23.78 and the latest close is $25.55. Is

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You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to $23.78 and the latest close is $25.55. Is this fund trading at a premium or a discount? How big is the premium or discount? The fund is trading at a because the market price is 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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