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13 pts Question 22 An investment firm has reported $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the
13 pts Question 22 An investment firm has reported $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the net asset value (NAV) of its shares? $25.50 $16.50 $19.50 $22.50 Question 23 Consider a no-load mutual fund with $400 million in assets, 70 million in debt, and 15 million shares at the start of the year and with $454 million in assets, 40 million in debt, and 18 million shares at the end of the year. During the year, investors have received income distributions of $0.50 per share and capital gain distributions of $0.30 per share. What is the rate of return on the fund? 11.92% 8.18% 9.25% 10.25%
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