ou are evaluating a closed$-$end mutual fund and see that its price is different from its net asset value $($NAV$).$ The fund has an expense ratio $(\backslash$epsi $)$ of $2\mathrm{.}80\%$ and a dividend yield $(\backslash$delta $)$ of $4\mathrm{.}00\%.$ The fund has experienced a risk$-$adjusted abnormal return $(\backslash$alpha $)$ of $2\mathrm{.}20\%.$

By what amount $($premium or discount$)$ is the fund likely to trade relative to its NAV?