Ou are evaluating a closed-end mutual fund and see that its price is different from its net asset value (NAV). The fund has an expense ratio (ε) of 2.37% and a dividend yield (δ) of 4.00%. The fund has experienced a risk-adjusted abnormal return (α) of 1.19%. By what amount (premium or discount) is the fund likely to trade relative to its NAV?

You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take