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i need help with these 3 questions
11,12,13
11. Fund S is a closed-end investment company with a portfolio currently worth $300 million. It has liabilities of $5 million
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Answer #1
11) Portfolio 300
Less: liabilities 5
Net value 295
Divided by shares 9
Per unit value 32.78
NAV 30.00
A) 9.26% premium
12) B) Balanced funds
13) Real return (1+10%)/(1+2%)-1
A) 7.84%
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