1. An investment company has $1.05 million in assets, $50,000 in liabilities, and 10,000 shares outstanding. a....

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1. An investment company has $1.05 million in assets, $50,000 in liabilities, and 10,000 shares outstanding.

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 $5,000 receive?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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Question Posted: Oct 21, 2024 05:04 AM

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1. An investment company has $1.05 million in assets, $50,000 in liabilities, and 10,000 shares outstanding. a....

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Foundations Of Global Financial Markets And Institutions

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