Question
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $14.05. He called Fidelity and asked how the NAV was calculated.
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $14.05. He called Fidelity and asked how the NAV was calculated. Fidelity gave him the following information:
| Current market value of fund investment | $ | 8,770,000 |
| Current liabilities | $ | 970,000 |
| Number of shares outstanding | 555,000 | |
Did Fidelity provide Louis with the correct information?
| Yes | |
| No |
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Financial Accounting For OHADA Member States Volume 1
Authors: Michael Forzeh Fossung
1st Edition
3330328037, 978-3330328037
