Problema closed-end fund has total assets of 405 million, Ask an Expert

Finance

Problem:

A closed-end fund has total assets of $405 million and liabilities of $220,000. Currently, 22 million shares are outstanding.

Required:

Question 1: What is the NAV of the fund? If the shares currently sell for $17.05, what is the premium or discount on the fund? Explain comprehensively and also show all workings.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146922

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