You are evaluating a closed-end mutual fund and see that its price is different from its net
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Question:
You are evaluating a closed-end mutual fund and see that its price is different from its net asset value (NAV). The fund has an expense ratio () of 2.80% and a dividend yield () of 4.00%. The fund has experienced a risk-adjusted abnormal return () of 2.00%.
By what amount (premium or discount) is the fund likely to trade relative to its NAV?
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
Posted Date: