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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 4.03% and a dividend yield (8) of 4.00%. The fund has experienced a risk-adjusted abnormal retiarn (a) of 3.41%. 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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