Question
The composition of the FINGROUP FUND portfolio is as follows: STOCK ----- SHARES ------- PRICE/Share A ------------200,000--------------- $35 B-------------300,000 --------------$40 -The fund has liabilities of
The composition of the FINGROUP FUND portfolio is as follows:
STOCK-----SHARES-------PRICE/Share
A ------------200,000--------------- $35
B-------------300,000 --------------$40
-The fund has liabilities of $200,000.
-There are 2 million shares outstanding.
-What is the net asset value (NAV) of the fund? (IN DOLLARS)
PLEASE SHOW ALL WORK WITHOUT USING EXCEL
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Economics Business And Islamic Finance In ASEAN Economics Community
Authors: Patricia Ordoñez De Pablos Mohammad Nabil Almunawar , Muhamad Abduh
1st Edition
1799822575,1799822605
