HappyRetirement fund owns 150,000 shares of stock a comma 200,000 shares of stock B, and 400,000 shares of stock C. The closing prices for the three stocks were 26, 31, and 36 , respectfully. If the fund has secured liabilities of 110,000 and has 11 million shares outstanding , what is the nav of the fund?

HappyRetirement fund owns 150,000 shares of stock a comma 200,000 shares of stock B, and 400,000 shares of stock C. The closing prices for the three stocks were 26, 31, and 36 , respectfully. If the fund has secured liabilities of 110,000 and has 11 million shares outstanding , what is the nav of the fund?

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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