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A mutual fund has $100 million in total assets, $20 million in liabilities, and 1 million shares outstanding. What would be the fund's NAV (net
A mutual fund has $100 million in total assets, $20 million in liabilities, and 1 million shares outstanding. What would be the fund's NAV (net asset value)?
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
