Question: will downvote if is wrong answer or if u use chatGPT or AI Assume that you have a closed - end fund that invests in

will downvote if is wrong answer or if u use chatGPT or AI
Assume that you have a closed-end fund that invests in average risk stocks. Assume also that you expect the market (average risk investments) to make 11.5% annually over the long term. If the closed end fund underperforms the market by 0.50% and there is a growth rate of 4% in the fund in perpetuity, estimate the discount on the fund.
A.%6.93
B.%6.06
C.%5.74
D.%5.21

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