Net Asset Value $8.29
Last Traded Price $6.88
Fund Description: BLA is a closed-end mutual fund that primarily invests in common stocks. The fund's investment portfolio includes investments in companies operating in various sectors, whose shares are underpriced relative to their fundamental values.
a. Based on the information above, if you were to purchase shares of BLA, how much will you pay per share?
b. Is this fund trading at a premium or a discount? Of how much? Explain. Should this be considered a benefit or drawback of purchasing BLA? Explain.
c. Will this fund have a front and/or back-end load, or isn’t there enough information given to tell? Explain.
d. Of the fund types listed on pages 461-462 of the text, which does BLA appear to be? Explain.
e. When you purchase shares of BLA, does Blount (the mutual fund company) create these shares for you? If not, how do you get the shares?
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