Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 25, 2024

ABC Fund has 9 million shares outstanding. The fund's portfolio is now valued at $300 million and the fund owes $18 million to the fund

ABC Fund has 9 million shares outstanding. The fund's portfolio is now valued at $300 million and the fund owes $18 million to the fund advisors and $5 million for rent and wages. What is the net asset value of the fund?

A. $30.78

B. $31.33

C. $33.00

D. $34.78

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law

Authors: Nancy Kubasek

1st Edition

0073524913, 9780073524917

More Books

Students also viewed these Economics questions

Question

★★★★★

There are data showing that smoking is detrimental to good health. Given that people could be helped and lives could be saved by reducing smoking, is it ethical to graph the data in a way that is...

Answered: 1 week ago

Question

★★★★★

Using internal rate of return, which of the two projects in Question 46.17 would be preferred? Data from Question 46.17 Which of the following two mutually exclusive alternatives should be selected...

Answered: 1 week ago

Question

★★★★★

=+1. Should Charges be re-expressed? Examine displays and find a suitable re-expression.

Answered: 1 week ago

Question

★★★★★

Second National Insurance Company provided this information for its trading securities portfolio: Required: 1. Provide the journal entries to record the fair value adjustment on December 31, 2016....

Answered: 1 week ago

Question

★★★★★

Complete the following timing diagram for the circuit from the previous problem (repeated here). Your characteristic table from the previous problem will be helpful. Remember that the flip-flops are...

Answered: 1 week ago

Question

★★★★★

"Consider two mutually exclusive investment projects, each with MARR = 10.4%, as given below. On the basis of the NPW criterion, which alternative should be selected? Enter the NPW of the preferred...

Answered: 1 week ago

Question

★★★★★

In a research project the PMHNP is conducting, some patients are excluded from the project, so instead of randomizing subjects, the subjects are highly selected. This type of selection could produce...

Answered: 1 week ago

Question

★★★★★

The 15 tenure track professors in a university math department are paid an average of $90,000 per year, while the 10 adjunct professors are paid an average of $60,000 per year. What is the average...

Answered: 1 week ago

Question

★★★★★

9. Alicia is the project manager of the Cloud Managed Services team that works on the Spanish Telecom project. Recently the client sent a request for a custom cloud solution. The typical development...

Answered: 1 week ago

Question

★★★★★

Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...

Answered: 1 week ago

Question

★★★★★

Pintime Industries Inc. entered into a business combination agreement with Sydrolized Chemical Corporation (SCC) to ensure an uninterrupted supply of key raw materials and to realize certain...

Answered: 1 week ago

Question

★★★★★

Explain the Following 1. operating systems and its related concepts 2 Operating systems architecture 3. Functions of the kernel 4. Interfaces of operating systems 5. Process Control Block 6....

Answered: 1 week ago

Question

★★★★★

Pollution

Answered: 1 week ago

Question

★★★★★

The fear of making a fool of oneself

Answered: 1 week ago

Question

★★★★★

4. Develop circular models, with positive and negative feedback loops, for the following situations: (a) In a poor third-world country, the population increase has been very large in the last ten...

Answered: 1 week ago

Previous Question Next Question