You are looking to invest in a closed end mutual fund. Using the information below answer the following two questions.

Market price $(\frac{1}{1}\frac{?}{2022})$$$45\mathrm{.}58$

Net Asset Value $(1/1/2022)$ $$44\mathrm{.}63$

Market price $(\frac{1}{1}\frac{?}{2023})$$$47\mathrm{.}91$

Net Asset Value $(\frac{1}{1}\frac{?}{2023})$$$48\mathrm{.}23$

Calculating the holding period return if you bought the security on $\frac{1}{1}\frac{?}{2022}$ and sold it on $\frac{1}{1}\frac{?}{2023}($no dividends paid$).$

Please explain why the net asset value can fluctuate from the market value.

Please show all your work for full credit and provide clear and concise answers.

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