Solved: What is the nav of the fund, Accounting Basics

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What is the nav of the fund

Problem: 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?

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Accounting Basics: What is the nav of the fund

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Accounting Basics: What is the nav of the fund

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