Calculate the premium or discount percentage on the fund, if the fund has total assets of $830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and the current market price is $19.5. A. 4.45% discount B. 5.85% premium C. 3.45% discount D. 3.43 % premium

Calculate the premium or discount percentage on the fund, if the fund has total assets of $830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and the current market price is $19.5. A. 4.45% discount B. 5.85% premium C. 3.45% discount D. 3.43 % premium

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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Question

Calculate the premium or discount percentage on the fund, if the fund has total assets of
$830 million and $420,000 of liabilities. At present, 44 million shares are outstanding, and
the current market price is $19.5.
A. 4.45% discount
B. 5.85% premium
C. 3.45% discount
D. 3.43 % premium

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