Question

A closed-end investment company has a net asset value of $12.75. A year ago the shares sold for a 20 percent discount but that discount has narrowed (i.e., declined) to 10 percent. If the company distributed $1.25 a share, what was the return on an investment in the shares before considering commissions on the purchase?


$1.99
Sales0
Views102
Comments0
  • CreatedMarch 19, 2015
  • Files Included
Post your question
5000