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The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million....

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Accounting

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The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ 394 b. If the fund sells for $36 per share, what is its premium or discount as a percent of NAV? (Input the amount asa positive value. Round your answer to 2 decimal places.) The fund sells at a(n) %) (Click to select) from NAV

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