One year ago, super star closed-end fund had a NAV of $10.40 and was selling at an 18% Discount. Today its NAV is $ 11.69 and it is priced at a 4% premium. During the year Super start paid dividends of $0.40 and had a capital gains distribution of $0.95. On the basis of the above information calculate each of the following:
1. Superstars NAV-based holding period for the year

2. Superstars market based holding period return for the year. Did the market premium/Discount hurt or add value to the investors return…? Brief answer why…

 3. Repeat the market based holding period return calculation, except this time assume the fund started the year at 18% premium and ended it at a 4% discount. (Assume the beginning and ending NAV’s remain at $10.40 and $11.69 respectively. Is there any change in this measure of return…? Why..? Brief answer