Question
Oriole Fund has 10.6 million shares outstanding. The fund's portfolio is now valued at $316 million and the fund owes $26.0 million to the fund
Oriole Fund has 10.6 million shares outstanding. The fund's portfolio is now valued at $316 million and the fund owes $26.0 million to the fund advisors and $6.6 million for rent and wages. What is the net asset value of the fund?
a. $27.36
b. $31.64
c. $29.19
d. $26.74
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
