Question
Compute the net asset value for a share of a mutual fund with the following characteristics: Market value of assets: $177,000,000 Market value of liabilities:
Compute the net asset value for a share of a mutual fund with the following characteristics:
Market value of assets: $177,000,000
Market value of liabilities: $12,000,000
Number of shares outstanding: 7,250,000
a. $23.66 b. $22.76 c. $26.07 d. $24.41
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Principles Of Investments
Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane
1st Edition
0071012389, 978-0071012386
