The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent to NAV. If the quoted share price for this closed- end fund is $16.42, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
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The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent to NAV. If the quoted share price for this closed-
end fund is $16.42, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest
whole number.)
Transcribed Image Text:The Argentina Fund has $450 million in assets and sells at a discount of 6.3 percent to NAV. If the quoted share price for this closed- end fund is $16.42, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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