Question
Calculate the NAV of the following fund if 5,000,000 shares are outstanding. Assuming you bought shares in this fund a year ago at $5.06, determine
Calculate the NAV of the following fund if 5,000,000 shares are outstanding. Assuming you bought shares in this fund a year ago at $5.06, determine the yield on your investment.
Stock (at current market value) $15,000,000
Bonds (at current market value) $12,000,000
Cash $800,000
Total value of assets $27,800,000
Liabilities -$200,000
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
