Question
A mutual fund has total assets worth of $50 million. Suppose the fund owes $3 million to its investment advisers and owes another $2 million
A mutual fund has total assets worth of $50 million. Suppose the fund owes $3 million to its investment advisers and owes another $2 million for rent, wages due, and miscellaneous expenses. The fund has 15 million shares. What is the NAV per share of this fund?
| 3.333333333 | ||
| 3 | ||
| 3.2 | ||
| 3.133333333 |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
