Using the indirect method,calculate the amount of net cash flows from operating activities from the following data.Show your work.
Definitions:
Closed-end Investment
An investment fund that has a fixed number of shares outstanding, typically traded on a stock exchange, unlike open-end funds that can issue unlimited shares.
NAV
Net Asset Value, the per-share value of a mutual fund or exchange-traded fund, calculated by dividing the total value of all the securities in the portfolio by the number of shares outstanding.
Premium/Discount
Refers to the amount by which the market price of a bond exceeds (premium) or is less than (discount) its face value.
Front-end Load
A sales charge or commission paid by an investor at the initial purchase of mutual fund shares, usually used to compensate brokers or sales agents.
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