(A) Adequate information: Value of portfolio - $ 200 million Liabilities - $ 3 million Number of share outstanding- 5 million To compute: Net asset value for the given fund Introduction: Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

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Answer 1

Question

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

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Answer 2

Question

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

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Answer 3

Question

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

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Answer 4

Question

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

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Answer 5

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

Answer 6

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Answer 7

Chapter 4, Problem 11PS

Summary Introduction

(A)

Adequate information:

Value of portfolio - $ 200 million

Liabilities - $ 3 million

Number of share outstanding- 5 million

To compute:

Net asset value for the given fund

Introduction:

Net asset value of the fund is the value of the portfolio owned by the fund on a particular date netted off all the liabilities to the outsiders.

Answer 8

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

Answer 9

Summary Introduction

(B)

Adequate information:

NAV of the fund - $ 39.4 per share

Current selling price of the fund- $ 36 per share

To compute:

Premium of discount as a percentage of NAV

Introduction:

If the fund is selling at a price above its NAV then we will say that fund is selling at premium, while if the fund is selling at a price below its NAV then we will say that fund is selling at discount.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 4 - Prob. 1PS Ch. 4 - Prob. 2PS Ch. 4 - Prob. 3PS Ch. 4 - Prob. 4PS Ch. 4 - Prob. 5PS Ch. 4 - Prob. 6PS Ch. 4 - Prob. 7PS Ch. 4 - Prob. 8PS Ch. 4 - Prob. 9PS Ch. 4 - Prob. 10PS

Solution Summary: The author explains that the fund's net asset value is the value of the portfolio owned by it on a particular date netted off all the liabilities to the outsiders.

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Chapter 4 Solutions