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One year ago, Super Star Closed-End Fund had a NAV of $10.23 andwas selling at a(n) 15% discount. Today, its NAV is $11.72 and itis priced at a(n) 6% premium. During the year, Super Star paiddividends of $0.4 and had a capital gains distribution of $0.93. Onthe basis of the above information, calculate each of thefollowinga. Super Star's NAV-based holding period return for theyear.b. Super Star's market-based holding period return for the year.Did the market premium/discount hurt or add vlaue to the investor'sreturn? Explain.c. Repeat the market-basede holding period return calculation,except this time assume the fund started the year at a(n) 14%premium and ended it at a(n) 6% discount. (Assume the beginning andending NAVs remain at $10.23 and $11.72, respectively.) Is thereany changes in this measure of return? Why?a. Super Star's NAV-based holding period return for theyear____%