Problem $4-9$ Closed$-$End Funds $($LO$2,$ CFA$3)$

A closed$-$end fund has total assets of $$390$ million and liabilities of $$210,000.$ Currently, $21$ million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $$17\mathrm{.}50,$ what is the premium or discount on the fund?

Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV answer to $2$ decimal places. Enter the premium or discount as a percent rounded to $2$ decimal places.

$\backslash$table$[[$Net asset value,$6],[$Premium or discount,$]]$