Question
It's February 23 and the markets have just closed. Melanie Cape works for Mutual Funds of Ontario and she is in charge of calculating the
It's February 23 and the markets have just closed. Melanie Cape works for Mutual Funds of Ontario and she is in charge of calculating the fund's unit price at the end of each trading day. It turns out that the value of the portfolio currently sits $450,000,000. There are 150,000,000 units outstanding. What should Melanie calculate as the NAV to price the mutual fund's units:
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
