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You are given the following information: New Empire Small-Cap Fund Total assets Total liabilities $936 million $20 million 11

You are given the following information: New Empire Small-Cap Fund Total assets Total liabilities $936 million $20 million 11

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You are given the following information: New Empire Small-Cap Fund Total assets Total liabilities Total number of shares $936 million $ 20 million 60 million Calculate the net asset value for the New Empire small-cap mutual fund. Note: Round your answer to 2 decimal places. Net asset value per share
Transcribed Image Text:You are given the following information: New Empire Small-Cap Fund Total assets Total liabilities Total number of shares $936 million $ 20 million 60 million Calculate the net asset value for the New Empire small-cap mutual fund. Note: Round your answer to 2 decimal places. Net asset value per share
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