Business, 06.03.2020 23:43 cheyennegenevie9833
The Closed Fund is a closed-end investment company with a portfolio currently worth $260 million. It has liabilities of $2 million and 6 million shares outstanding.
a. What is the NAV of the fund?
b. If the fund sells for $40 per share, what is its premium or discount as a percent of NAV?
Answers: 2
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The Closed Fund is a closed-end investment company with a portfolio currently worth $260 million. It...
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