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A fund has $50,000,000 in assets, $3,500,000 in liabilities, and 5,000,000 shares outstanding. Compute the NAV per share. $9.30 $10,00 $10.70 $12.85

A fund has $50,000,000 in assets, $3,500,000 in liabilities, and 5,000,000 shares outstanding. Compute the NAV per share. $9.30 $10,00 $10.70 $12.85

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A fund has $50,000,000 in assets, $3,500,000 in liabilities, and 5,000,000 shares outstanding. Compute the NAV per share. O $9.30 O $10,00 O $10.70 $12.85
Transcribed Image Text:A fund has $50,000,000 in assets, $3,500,000 in liabilities, and 5,000,000 shares outstanding. Compute the NAV per share. O $9.30 O $10,00 O $10.70 $12.85
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