1. The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities, and 20 million shares outstanding. It trades at a 10 percent dis- count from net asset value (NAV). , a. What is the net asset value of the fund?, b. What is the current price of the fund?, c. Suggest two reasons why the fund may be trading at a discount from net, asset value.,,2. An investor buys Go-Go Mutual Fund on January 1 at a net asset value of $21.20. At the end of the year, the price is $25.40. Also, the investor receives $0.50 in dividends and $0.35 in capital gains distributions. What is the total percent return on the beginning net asset value? (Round to two places to the right of the decimal point.),
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