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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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