Question
The Black Squirrel Value Fund has current assets with a market value of $9.5 billion, $1.1 million in liabilities, and a net asset value (NAV)
The Black Squirrel Value Fund has current assets with a market value of $9.5 billion, $1.1 million in liabilities, and a net asset value (NAV) of $28.00. How many shares outstanding are in this fund?
A) 365,342,308 shares
B) 379,956,000 shares
C) 339,246,429 shares
D) 351,811,111 shares
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
