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A mutual fund has $450 million in assets and liabilities of $10 million. If the fund has 44 million shares outstanding, what is its NAV?
- A mutual fund has $450 million in assets and liabilities of $10 million.
- If the fund has 44 million shares outstanding, what is its NAV?
- If an investor redeems 1,000,000 shares, what happens to the value of the fund's portfolio, to the number of shares outstanding, and to its NAV?
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To calculate the Net Asset Value NAV of the mutual fund we can use the formula NAV Total Assets Tota...
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
