Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

The market value of the portfolio of a mutual fund is $2,000,000 and its liabilities are $120,000. If there are 20,000 shares outstanding what is

The market value of the portfolio of a mutual fund is $2,000,000 and its liabilities are $120,000. If there are 20,000 shares outstanding what is the NAV per share?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investment The Study Of An Economic Aggregate

Authors: Philip J. Lund

1st Edition

0444851380,1483256901

More Books

Students also viewed these Finance questions

Question

★★★★★

In the last problem, assume the cash flow from the Downhill acquisition grows at 10% from its initial value for one year and then grows at 5% indefinitely (starting in the third year). Calculate the...

Answered: 1 week ago

Question

★★★★★

2. A monopolist earns $40 million annually and will maintain that level of profit indefinitely, provided that no other firm enters the market. However, if another firm enters the market, the...

Answered: 1 week ago

Question

★★★★★

There once was a corporation from Nantucket, Its controls leaked like holes in a bucket. Smelling trouble with the buyer, And with the supplier, They determined to fix it or chuck it. This limerick...

Answered: 1 week ago

Question

★★★★★

A $1,000 maturity value bond currently has 15 years left to maturity. The bond has an 8.5% coupon rate and pays interest annually. a. If you want to earn a 7% rate of return, how much would you be...

Answered: 1 week ago

Question

★★★★★

Please teach how to solve OO 7. Determine whether the series M is convergent or divergent. n=1 2n -1 7. Determine whether the series 1 211-1 is convergent or divergent.

Answered: 1 week ago

Question

★★★★★

Bramble Hardware Store inc. Completed the following merchandising transactions in the month of May 2018. At the beginning of Ma Bramble's ledger showed Cash of $8,300 and Common Shares of $8,300. May...

Answered: 1 week ago

Question

★★★★★

a)Discuss how capital budgeting differs between domestic-only and multinational corporations. b) Briefly describe the two approaches we used for a multinational corporation and how they determine...

Answered: 1 week ago

Question

★★★★★

Sunland Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 6,000 Interest Payable 0 Notes Payable...

Answered: 1 week ago

Question

★★★★★

what role within cybersecurity is of most interest to you. ( I chose Security Specialist with potential elevation to Network Security Architect) Please describe what you understand are the primary...

Answered: 1 week ago

Question

★★★★★

The introduction of new technologies is a given in every industry and most certainly impacts facility planning when it comes to maritime ports. But the time between introduction and adoption can be...

Answered: 1 week ago

Previous Question Next Question