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 closedend fund that invests in average risk stocks. Assume also that you expect the market average risk investments to make annually over the long term. If the closed end fund underperforms the market by and there is a growth rate of in the fund in perpetuity, estimate the discount on the fund.
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