Explanation Given information: The Capital MGT has a total asset of $ 25 , 000 , 000 and liabilities of $ 3 , 500 , 000 and there are 86 , 600 , 000 shares outstanding. Formula used: Formula to calculate net asset value, Net asset value = Total assets − Total liabilities Number of shares outstanding Calculation: Since, The Capital MGT has a total asset of $ 25 , 000 , 000 and liabilities of $ 3 , 500 , 000 . There are 86 , 600 , 000 shares outstanding

8th Edition

ISBN: 9781305888715

Author: Brechner

Publisher: CENGAGE LEARNING - CONSIGNMENT

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Chapter 20.III, Problem 27RE

To determine

To calculate: The net asset value of the fund if The Capital MGT fund has a total asset of $25,000,000 and liabilities of $3,500,000 also there are 86,600,000 shares outstanding.

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Chapter 20.III, Problem 26RE

Chapter 20.III, Problem 28RE

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The net asset value of the fund if The Capital MGT fund has a total asset of $ 25 , 000 , 000 and liabilities of $ 3 , 500 , 000 also there are 86 , 600 , 000 shares outstanding.

Solution Summary: The author calculates the net asset value of the Capital MGT fund if it has a total asset of 25,000,000 and liabilities

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To calculate: The net asset value of the fund if The Capital MGT fund has a total asset of $25,000,000 and liabilities of $3,500,000 also there are 86,600,000 shares outstanding.

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Chapter 20 Solutions