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One year ago, the Tyler Rose closed-end fund had a NAV of $35.19 and was selling...

One year ago, the Tyler Rose closed-end fund had a NAV of $35.19 and was selling at an 11% discount. Today, the fund has a NAV of $36.42 and is selling at a 7.5% premium. During the year, the fund paid a dividend distribution of $.48 and a capital gain distribution of $.97.

A. Calculate the NAV-based HPR for the fund for the year.

B. Calculate the market-based HPR for the fund for the year.

C. Recalculate the market-based HPR for the fund for the year, assuming the fund was selling at an 8.8% premium at the beginning of the year and an 11.3% discount at the end of the year.

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Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 2 years ago
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