GEN COMBO LOOSELEAF INVESTMENTS; CONNECT ACCESS CARD
11th Edition
ISBN: 9781260201550
Author: Bodie
Publisher: MCG
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Question
Chapter 4, Problem 20PS
Summary Introduction
(A)
Adequate information:
Portfolio value- $ 450 million
Liabilities value- $ 10 million
Number of shares outstanding- 44 million shares
To compute:
Net asset value of the 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- $ 10 per share
Number of shares outstanding- 44 million shares
Number of units sold by investor- 1 million
To compute:
Revised Net asset value of the 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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Chapter 4 Solutions
GEN COMBO LOOSELEAF INVESTMENTS; CONNECT ACCESS CARD
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