A closed-end fund’s NAV is $25 at the beginning of the year and $39 at the...

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Finance

A closed-end fund’s NAV is $25 at the beginning of the year and$39 at the end of the year. At the beginning of the year the fundwas selling at a 3% premium to NAV, at the end of the year it wasselling at a 2% discount to NAV. The fund paid year-enddistributions of income and capital gains of $1. What is the rateof the return to an investor, who bought the fund at the beginningof the year? (Provide your answer in percent rounded to twodecimals omitting the % sign)

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A closed-end fund’s NAV is $25 at the beginning of the year and$39 at the end of the year. At the beginning of the year the fundwas selling at a 3% premium to NAV, at the end of the year it wasselling at a 2% discount to NAV. The fund paid year-enddistributions of income and capital gains of $1. What is the rateof the return to an investor, who bought the fund at the beginningof the year? (Provide your answer in percent rounded to twodecimals omitting the % sign)

A closed-end fund’s NAV is $25 at the beginning of the year and $39 at the...

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