An open-end investment company has $510 million of assets, $10 million of liabilities, and 50 million shares
Question:
Answer the below questions.
(a) What is its NAV?
(b) Suppose the fund pays off its liabilities while at the same time the value of its assets doubles. How many shares will an investor who invests $50,000 receive?
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a An investor in a pooled investment vehicle owns a proportional interest in the portfolios value The portfolio value is equal to the market value of ...View the full answer
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