The Well-Managed Closed-End Fund turned in the following performance for the year
2013.
a. Based on this information, what was the NAV-based HPR for the WMCEF in 2013?

b. Find the percentage (%) premium or discount at which the fund was trading at the beginning of the year and at the end of the year.
c. What was the market-based HPR for the fund in 2013? Did the market premium or discount add to or hurt the holding period return on this CEF? Explain.

Transcribed Image Text:

Item NAV Market price of the fund shares Dividends paid over the year Capital gains distributed over the year Beginning of the Year $7.50 7.75 End of the Year $9.25 9.00 1.20 0.90