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Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $14,80. He called Fidelity and asked how the NAV was
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $14,80. He called Fidelity and asked how the NAV was calculated. Fidelity gave him the following information: Current market value of fund investment Current liabilities Number of shares outstanding Did Fidelity provide Louis with the correct information? $8,710,000 $ 940,000 525,000
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Yes the information Fidelity provided to Louis appears to be correct and sufficient to calculate the Net Asset Value NAV per share of the Fidelity Growth Fund Net Asset Value NAV is calculated by divi...
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
