You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to

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You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to $22.50 and the latest close is $20.00. Is this fund trading at a premium or a discount? How big is the premium or discount?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:49 AM

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You are considering the purchase of shares in a closed-end mutual fund. The NAV is equal to

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The fund is trading at a dis...View the full answer

Fundamentals of Investing

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