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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

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 () of 3.66% and a dividend yield () of 4.00%. The fund has experienced a risk-adjusted abnormal return () of 3.62%.

By what amount (premium or discount) is the fund likely to trade relative to its NAV?

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