Consider the fund for the previous problem, but instead was a Closed End Fund [CEF]. If the market price was $88.00 per share, what would be its premium/discount? Select one:

a. It trades at a premium greater than 10%

b. It trades at a discount between 5 and 10%

c. It trades at a premium less than 5%

d. It trades at a discount greater than 10%

e. It trades at a discount of no more than 5% f. It trades at a premium between 5% and 10%