The net asset value of The Freeport Ultra A fund if it has a total asset of $ 80 , 000 , 000 and liabilities of $ 5 , 000 , 000 and there are 17 , 000 , 000 shares outstanding.

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Chapter 20.III, Problem 14TIE

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To calculate: The net asset value of The Freeport Ultra A fund if it has a total asset of $80,000,000 and liabilities of $5,000,000 and there are 17,000,000 shares outstanding.

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