Question
Assume that you have just purchased some shares in an investment company reporting $400 million in assets, $5 million in liabilities, and 40 million shares
Assume that you have just purchased some shares in an investment company reporting $400 million in assets, $5 million in liabilities, and 40 million shares outstanding. What is the net asset value (NAV) of the fund share?
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| a) | $12.14 |
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| b) | $9.875 |
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| c) | $10.39 |
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| d) | $1.00 |
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| e) | $13.28 |
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The Illusion Of Control Why Financial Crises Happen And What We Can And Cannot Do About It
Authors: Jon Danielsson
1st Edition
0300234813, 0300265093, 9780300234817, 9780300265095
