Answer A, B and C

The Well-Managed Closed-End Fund turned in the following performance for the year 2016: a. Based on this information, what was the NAV-based HPR for the WMCEF in 2016? 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. Note: For a discount enter a negative value. c. What was the market-based HPR for the fund in 2016? Did the market premium or discount add to or hurt the holding period return on this CEF? Explain. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Item NAV Market price of the fund shares Dividends paid over the year Capital gains distributed over the year Beginning of the Year $7.57 $7.78 $0.00 $0.00 End of the Year $9.29 $9.02 $1.23 $0.85