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Question
A closed-end fund has total assets of $379 million and liabilities of $640,000. There are 36 million shares outstanding. What is the premium or discount if the shares are currently selling for $9.85 each?A. 7.46 percent discount
B. 6.28 percent discount
C. 6.94 percent discount
D. 6.80 percent premium
E. 7.46 percent premium
Answer
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