A closed$-$end fund starts the year with a net asset value of $$12.$ By year$-$end, NAV equals $$12\mathrm{.}10.$ At the beginning of the year, the fund is selling at a $2\%$ premium to NAV. By the end of the year, the fund is selling at a $7\%$ discount to NAV. The fund paid yearend distributions of income and capital gains of $$1\mathrm{.}50.$

$($LO $4-3)$