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You are evaluating a closed-end mutual fund and see that its price is different from its net asset value (NAV). The fund has an expense

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You are evaluating a closed-end mutual fund and see that its price is different from its net asset value (NAV). The fund has an expense ratio (c) of 4.23% and a dividend yield ( (0) of 4.00%. The fund has experienced a risk-adjusted abnormal return (a) of 3.56% Required: What is the premium or discount of the fund over its NAV? (Round your answer to 2 decimal places. Use a negative sign to indicate a discount.)

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