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amid [387]
3 years ago
9

The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli

on and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) NAV $ b. If the fund sells for $36 per share, what is its premium or discount as a percent of NAV? (Input the amount as a positive value. Round your answer to 2 decimal places.) The fund sells at a(n) % from NAV.
Business
1 answer:
slega [8]3 years ago
5 0

Answer:

a. $39.40 per share

b. 8.63%

Explanation:

a. The computation of the NAV of the fund is shown below:

= (Assets - liabilities) ÷ (Number of outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= ($197 million) ÷ (5 million shares)

= $39.40 per share

b. The computation of the  premium or discount as a percent of NAV is shown below:

Since the selling price is $36 but its NAV is $39.40

So, the discount would be equal to

= $39.40 - $36

= $3.40

The discount percentage equals to

= $3.40 ÷ $39.40

= 8.63%

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Answer:

1) Project teams

Explanation:

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The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

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This ultimately implies that, project teams tasks are non-repetitive in nature and involve considerable application of knowledge, skills, competence, judgment, and expertise.

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3 years ago
how does money solve the problem of double coincidence of wants? explain with an example of your own.​
slega [8]

Answer:

Money is a medium of exchange and satisfaction of needs.

Explanation:

for instance:- if you want to eat ice cream ( which is your want). You give money to shopkeeper who sell money ( his want is money). You give him money in exchange of ice cream . In this way , double wants are satisfied.

4 0
2 years ago
(Assumptions, Principles, and Constraint) Presented below are the assumptions, principles, and
LuckyWell [14K]

The accounting principles, assumptions, and constraints describes are identified as follows: A) 7, B) 6, C) 8, D) 9, E) 1, F) 4, G) 3.

<h3>What are Accounting Principles?</h3>

These are rules or laws that govern the reporting and recording of the financial information of a business.

7 - Expense Recognition Principle: This holds the rule of thought that expenses made ought to be recorded in the books or recognized in the same time frame as the revenue transactions they are related to.

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2 years ago
When a person is authorized by the principal to transact all affairs in connection with a particular type of business or trade o
yawa3891 [41]

Answer:

General agent

Explanation:

A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.

A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.

On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.

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2 years ago
l a fixed asset for $72,376 when its book value is $43,070. If your company's marginal tax rate is 25 percent, what will be the
tiny-mole [99]

Answer:

Cash flow= $64,847

Explanation:

Giving the following information:

Sellin price= $72,376

Tax rate= 25%

Book value= $43,070

<u>First, we need to calculate the gain from the sale and the tax:</u>

Gain= 72,376 - 43,070= $29,036

Tax= gain*tax rate

Tax= 29,036*0.25= $7,259

<u>Now, we can calculate the after-tax cash flow:</u>

<u></u>

Gain= 29,036

Tax= (7,259)

Book value= 43,070

Cash flow= $64,847

4 0
3 years ago
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