A closed-end fund has total assets of $420 million and liabilities of $800,000. Currently, 19 million shares
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A closed-end fund has total assets of $420 million and liabilities of $800,000. Currently, 19 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.37, what is the premium or discount on the fund?
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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