1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Fudgin [204]
3 years ago
9

The Closed Fund is a closed-end investment company with a portfolio currently worth $195 million. It has liabilities of $20 mill

ion and 5 million shares outstanding. a. What is the NAV of the fund? (Round your answer to 2 decimal places.) b. If the fund sells for $40 per share, what is its premium or discount as a percent of net asset value? (Input the amount as a positive value. Round your answer to 2 decimal places.)
Business
1 answer:
7nadin3 [17]3 years ago
4 0

Answer:

NAV is $35 per share

premium is 14.30%

Explanation:

The formula for net asset value can be  used in calculating the NAV of thi closed fund before comparing the NAV with selling price of the fund in order to ascertain whether a discount or premium has been recorded on the fund as shown below:

NAV=Total assets- total liabilities/number of shares

total fund assets is worth $195 million

total fund liabilities is $20 million

there are 5 million shares outstanding

NAV=$195 million-$20 million/5 million

       =$175 million/5 million

         =$35.00 per share

Premium on the fund=($40-$35)/$35

                                     =$5/$35

                                      =14.30% premium

The fund has 14.30% premium

You might be interested in
Max is the marketing manager at the university bookstore. He is developing his marketing plans for the next school year. The boo
Mariulka [41]

<u>Solution and Explanation:</u>

  • the total sales of calendars is as follows:

7200 multiply with $5 each = $36000

  • In order to find out the profit, the toal of sales is to be subtarcted with costs. The given sales is $36000, costs is $19183

Thus, the total profit = $16817

95% of 10080 canot be taken in order to find out the correct number. 5% enrollment growth, is as follows:

10080 = 1.05 multiply "x"

thus, calculating x = 9600

  • The number of studnets are 9600 in the last semester out of which 7200 bought calendar.    7200 divide 9600 = 75.0 percent sales penetration.
8 0
3 years ago
In a pool bout, fencer x has received a yellow card for non-conforming equipment and is losing 3-2. fencer y attacks and scores
Alexus [3.1K]

Fencer y attacks and records a valid touch while x gets knocked out of a pool match after receiving a yellow card for using non-conforming products. In the end, X is now down 4-2.

These are goods that don't follow product specifications. To stop them from being used or delivered inadvertently, they are identified and regulated. A written method must define the controls, together with the responsibilities and powers that go along with them, for handling non-conforming products.

Non-conforming products items include measuring instruments that are unable to complete their intended measurements.

A company should have a quality assurance manual that details the steps involved in recognizing non-conforming products, cataloging them, and separating them from conforming materials.

No Old Knob Will Do

non-conforming products can be defined as any good or component that is flawed, fake, or does not adhere to the specifications.

Learn more about non-conforming products here

brainly.com/question/20038557

#SPJ4

5 0
2 years ago
What is ethical behavior?
iren [92.7K]

Answer:

Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Those who have others' interests in mind when they make decisions are displaying ethical behavior. In the workplace, there might be a standard for ethics set throughout the company.

Explanation:

3 0
3 years ago
Which of these is a nonstore retailer?
Lady bird [3.3K]
A. Vending Machine is a nonstore retailer
7 0
2 years ago
Henry's savings account has an APR of 3.65%
Kisachek [45]

Answer:

and Leah is saving her account APR of

5 0
2 years ago
Other questions:
  • What consequences do borrowers face if they miss many payments?
    14·1 answer
  • Mayan Company had net income of $33,480. The weighted-average common shares outstanding were 9,300. The company declared a $4,00
    6·1 answer
  • On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,
    7·1 answer
  • Rank the steps of the (sandwich) ELISA procedure from first step to last step. Do not overlap any steps.
    11·1 answer
  • Marcus is on a team to plan volunteer opportunities for employees in the company. His role is to handle public communications ab
    15·1 answer
  • When the price level decreases:
    11·1 answer
  • Brief Exercise 17-09 Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investin
    15·1 answer
  • What do pre-teen ducks hate? <br> will mark brainiest for right answer!<br> think hard.
    8·1 answer
  • TB MC Qu. 04-99 K. Canopy, the proprietor of Canopy Services... K. Canopy, the proprietor of Canopy Services, withdrew $6,200 fr
    13·1 answer
  • When Coca Cola decided to change their brand name from Coca cola to Coke; this was mainly a:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!