A closed-end fund starts the year with a net asset value of $24. By year-end, NAV...

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A closed-end fund starts the year with a net asset value of $24. By year-end, NAV equals $25.30. At the beginning of the year

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Answer 1

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24 (1+0.02) 25.30*(1-0.07) NAVO* (1+Premium) NAV1*(1-Discount) 24.48 PO P1 23.53 ((P1+Distributions)/PO)-1 (23.53+2.70)/24.48

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