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The Closed Fund is a closed-end investment company with a portfolio currently worth $295 million. It has liabilities of $4 million and 6 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 $45 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.

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Financial Management, Finance

Category:- Financial Management
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