Given the following information, calculate the net asset value for the Boston Equity mutual fund. Total assets.................................$240,000,000
Question:
Total assets.................................$240,000,000
Total liabilities..................................8,000,000
Total number of shares........................5,000,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
The net asset value per share is equal to the current market valu...View the full answer
Answered By
Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
0 Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
Question Posted:
Students also viewed these Corporate Finance questions
-
Given the following information about a potential suspect, determine whether there is a likelihood of illegal income. If so, determine the amount of unknownincome. FINANCIAL DATA YEAR 1 YEAR 2YEAR 3...
-
Given the following information, what is the expected return on a portfolio which is invested 60 percent in stock A and 40 percent in stockB? State of Probabillity of Return if State Occurs Ecoomy...
-
Given the following information about Mega Corps costs, provide answers to the questions below. (a) Total fixed costs equal.¨ (b) When the rate of output is equal to 1, AVC is equal to.¨ (c)...
-
Solve Problem using augmented matrix methods. Use a graphing calculator to perform the row operations 5.7x1 - 8.55x2 = -35.91 4.5x1 +5.73x2 = 76.17
-
Draw the structures of the following molecules: (a) Trans-1-Bromo-3-methylcyclohexane (b) Cis-1, 2-Dirnethylcyclobutane (c) Trails-1-tert-Butyl-2-ethylcyclohexane
-
The earths magnetic field, like any magnetic field, stores energy. The maximum strength of the earths field is about 7.0 10-5 T. Find the maximum magnetic energy stored in the space above a city if...
-
Traditionally, Japanese MNEs followed an ethnocentric orientation in international staffing, in which managers from headquarters held key subsidiary positions. Sony is shifting away from this model....
-
Prepare the journal entries that the lessee should make to record the following transactions. 1. The lessee makes a lease payment of $80,000 to the less or in an operating lease transaction. 2....
-
Crane Mining Co . purchased for $ 7 , 0 4 8 , 0 0 0 a mine that is estimated to have 3 5 , 2 4 0 , 0 0 0 tons of ore and no salvage value. In the first year, 5 , 1 2 0 , 0 0 0 tons of ore are...
-
Titan Distribution, Inc., employed Quintak, Inc., to run its tire mounting and distribution operation in Des Moines, Iowa. Robert Chalfant worked for Quintak as a second-shift supervisor at Titan. He...
-
What options can be used to purchase shares in an open-end mutual fund from an investment company?
-
Assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received $0.42 per share capital gain distribution during the past 12 months, and the market value of the...
-
Determine and Use Overhead Rate Cortez Consulting, Inc., expects the following costs and expenses during the coming year: Required a. Compute a predetermined overhead rate applied on the basis of...
-
Time (s) Velocity (cm/s or m/s) Uncertainty 0.100 -145 cm/s or 0.145 m/s +/- 0.089 m/s 0.200 -266 cm/s or 0.266 m/s +/- 0.010 m/s 0.300 -359 cm/s or 0.359 m/s +/- 0.0201 m/s 0.400 -451 cm/s or 0.451...
-
Using Technology to Generate Normal Quantile Plots. In Exercises 13-16, use the data from the indicated exercise in this section. Use software (such as Statdisk, Minitab, Excel, or StatCrunch) or a...
-
Use your understanding of work and power to answer the following questions. 1. Two physics students, Will N. Andable and Ben Pumpiniron, are in the weightlifting room. Will lifts the 100-pound...
-
Problem 2. Consider the following chemical reaction. 2H2 + O2 = 2HO Gibbs Duhem equation states that SdT - Vdp+ Nidi=0. Apply this equation for the above reaction and determine the equilibrium...
-
Part D: Exploring Pascal's Triangle 1. Fill-In the missing numbers in Pascal's Triangle. See 2. Find the sum of each row in Pascal's Triangle. Describe the pattern. 1, 2, 4, 8, 16... Power of 2n 1 1...
-
Consider the quadratic equation ax 2 + bx + c = 0. Suppose that a, b, and c are random numbers between 0 and 1 (like those produced by an RNG). Estimate the probability that the roots of this...
-
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
-
Julia has been thinking about buying a home. For several months, she has been watching real estate shows on television and visiting open houses in her community. She thinks it is time to take the...
-
(a) Does the home buyer enjoy tax advantages? Explain. (b) Discuss Maggis belief that cash flow is better with renting. (c) Suggest some reasons why Michael might consider renting rather than...
-
(a) How would you advise Jeremy if he asked you whether he should sell the house himself or list with a broker? Explain your answers. (b) Would Jeremy really save money by selling his home himself if...
-
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
-
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
-
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...
Study smarter with the SolutionInn App