What is premium or discount as percent of NAV

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Reference no: EM132057832

The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding.

a. What is the NAV of the fund? (Round your answer to 2 decimal places.)

NAV $

b. If the fund sells for $36 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.)

The fund sells at an % from NAV.

Reference no: EM132057832

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