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
Correct Answer:
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