INVESTMENTS(LL)W/CONNECT
11th Edition
ISBN: 9781260433920
Author: Bodie
Publisher: McGraw-Hill Publishing Co.
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Chapter 4, Problem 9PS
Summary Introduction
Adequate information:
Accrued management fees- $ 30,000
Number of share outstanding- 4 million
To compute:
Net asset value for the given fund
Introduction:
Net asset value of the fund is the total of market value of all the investments/assets owned by the fund on a particular date netted off all the liabilities to the outsiders.
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