but why not save your points for when you have a question?
Answer:
$10.49
Explanation:
The computation of the net asset value of the fund is shown below:
= (Market value of the assets - market value of the liabilities) ÷ number of oustanding shares
where,
Market value of assets is
= (200,000 × $35) + (300,000 × $40) + (400,000 × 20) + (600,000 × 25)
= $42,000,000
So, the net asset value of the fund is
= ($42,000,000 - $30,000) ÷ (4,000,000)
= $10.49
Answer:
$38,000
Explanation:
Before distributing dividends to common stockholders, Encore must first deal with the preferred stockholders.
preferred stock annual payment = 3,000 shares x 7% x $100 = $21,000
Since the company owes one year's payment to preferred stockholders, it must pay them two years now = $21,000 x 2 = $42,000
So Encore will have $38,000 (= $80,000 - $42,000) left to distribute to commons stockholders.
Answer:
customer must deposit $8000
Explanation:
given data
purchases bonds = $100,000
margin = 40%
solution
As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value
and margins is minimums set by exchange
so bond is purchased at 40% is
bond purchase = 40% × $100,000 = $40000
and 20% of $40,000 is = $8,000
and 7 % of $100,000 is = $7,000
so greater amount is $8,000
so customer must deposit $8000