EBK FOCUS ON PERSONAL FINANCE
6th Edition
ISBN: 9781260140965
Author: Kapoor
Publisher: MCGRAW HILL BOOK COMPANY
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Question
Chapter 13, Problem 1P
Summary Introduction
To determine: Fund’s net asset value (NAV).
Expert Solution & Answer
Explanation of Solution
Given information:
Total assets $812,000,000
Total liabilities $12,000,000
Total number of shares is 40,000,000
Calculation of NAV:
Hence, Net asset value per share is $20
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Chapter 13 Solutions
EBK FOCUS ON PERSONAL FINANCE
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