What was the market-based hpr for the fund in 2016 did the


Question: The Well-Managed Closed-End Fund turned in the following performance for the year 2016.

a. Based on this information, what was the NAV-based HPR for the WMCEF in 2016?

b. Find the percentage (%) premium or discount at which the fund was trading at the beginning of the year and at the end of the year.

c. What was the market-based HPR for the fund in 2016? Did the market premium or discount add to or hurt the holding period return on this CEF? Explain.

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