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5. 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. (lo 4-3) a. what is the nav of the fund? b. if the fund sells for $36 per share, what is its premium or discount as a percent of nav?

Respuesta :

The difference between the selling price and the net assets value (NAV), as indicated by the percentage discount, For the purpose of calculating the discount as a percentage of NAV, the difference between the selling price per share and the NAV per share is divided by the total number of shares.

a. The fund's net asset value per share is $39.40.

How can I determine a discount in percentage terms?

Compare the final cost to the initial cost. Divide this amount by the initial cost. Last, divide the result by 100.

What is a discount percentage?

A discount that is applied to a product or service in the form of a percentage is known as a percentage discount. An item that was originally priced at $100 would now cost $80 with a discount of 20%, for instance.

Learn more about percentage discount here:

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