You are evaluating a closed-end mutual fund and see that its price is different from its...

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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 () of 2.80% and a dividend yield () of 4.00%. The fund has experienced a risk-adjusted abnormal return (a) of 3.40%. By what amount (premium or discount) is the fund likely to trade relative to its NAV? Note: Use a minus sign if the amount is a discount. Round your answer to 2 decimal places. Amount 0.99 % 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 2.80% and a dividend yield () of 4.00%. The fund has experienced a risk-adjusted abnormal return (a) of 3.40%. By what amount (premium or discount) is the fund likely to trade relative to its NAV? Note: Use a minus sign if the amount is a discount. Round your answer to 2 decimal places. Amount 0.99 %