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The Closed Fund is a closed-end investment company with a portfolio currently worth $290 million....

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Accounting

The Closed Fund is a closed-end investment company with a portfolio currently worth $290 million. It has liabilities of $5 million and 6 million shares outstanding Required:

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

b. If the fund sells for $44 per s' what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Do not round your intermediate cal ations. Round your answer to 2 decimal places.) The fund sells at a(n) from NAV.

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