The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities, and 20 million
Question:
a. What is the net asset value of the fund?
b. What is the current price of the fund?
c. Suggest two reasons why the fund may be trading at a discount from net asset value.
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Step by Step Answer:
a b c A fund may trade at a discount because of a poor ...View the full answer
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Related Book For 
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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