A closed-end fund has total assets of 495 million and, Ask an Expert

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A closed-end fund has total assets of $495 million and liabilities of $280,000. Currently, 28 million shares are outstanding. What is the NAV of the fund? If the shares currently sell for $18.45, what is the premium or discount on the fund? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round the NAV to 2 decimal places. Enter the premium or discount as a percent rounded to 2 decimal places. Omit the "$" & "%" signs in your response.)

Net asset value $

Premium or discount %

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Financial Management, Finance

Category:- Financial Management
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