Shares of a closed-end fund are trading at a 2.5% premium over NAV. If NAV is 9.5%

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Shares of a closed-end fund are trading at a 2.5% premium over NAV. If NAV is £9.5% per share,what is the current market price of the fund’s shares?

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Jun 23, 2023 01:23 AM

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Shares of a closed-end fund are trading at a 2.5% premium over NAV. If NAV is 9.5%

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To calculate the current market price of the funds shares you need to add the premi... View the full answer

Advanced Accounting

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