Finance Assignment | Professional Writing
May 20th, 2020
Valuing closed-end Investment Funds XLM is a closed-end investment fund that is currently trading at $17.37. The fund has $120 million worth of total investments in different securities, which is calculated based on the day’s closing prices for each individual asset.
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It also has $6 million of cash and cash equivalents on hand, as well $3.5 million in total receivables and accrued income for the day is $52,000. The fund has $15 million in short-term liabilities, $2.6 million in long-term liabilities and accrued expenses for the day are $12,000. The fund has 5.8 million shares outstanding. How much of a premium or discount is the fund currently trading at?
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