Question: Question 4 20 DES A close-end fund has $86M in assets, $1.2M in debt, and 98.7M shares outstanding. The shares are currently selling for $0.99

Question 4 20 DES A close-end fund has $86M in assets, $1.2M in debt, and 98.7M shares outstanding. The shares are currently selling for $0.99 per share. Compute the NAV to find that the shares are currently trading at a premium. Represent that premium (the difference between the price per share and the NAV) as a percentage of the NAV. [i.e., just divide the difference by the NAV] Give your answer as a percentage with 2 decimals

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