Question
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $17.10. He called Fidelity and asked how the NAV was calculated.
Louis Hall read in the paper that Fidelity Growth Fund has an NAV of $17.10. He called Fidelity and asked how the NAV was calculated. Fidelity gave him the following information:
| Current market value of fund investment | $ | 8,560,000 |
| Current liabilities | $ | 865,000 |
| Number of shares outstanding | 450,000 | |
Did Fidelity provide Louis with the correct information?
| Yes | |
| No |
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Labour Finance And Inequality
Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson
1st Edition
1138919721, 978-1138919723
