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(Solved) (Latest ver. Aug 2020) - What is the net asset value of the fund?

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The New Pioneer closed-end fund has 520 million in securities, 5 million in liabilities and 10 million shares outstanding. It trades at a 5% premium above its net asset value (NAV):
?(a) What is the NAV of the fund?
?(b) What is the current price of the fund?
?(c) Why might a fund trade at a premium above its NAV?


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This question was answered on: Sep 16, 2020

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