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algol [13]
3 years ago
6

Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $

125 million and it grew at 20% from last year. It currently has 45 million shares outstanding. What is the fund's NAV?
A) $12.00 per shareB) $13.89 per shareC) $14.40 per shareD) $16.80 per share
Business
1 answer:
rusak2 [61]3 years ago
3 0

Answer: B) $13.89 per share

Explanation:

In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.

Total assets = 750 million

Total liabilities = 125 million

Current shares outstanding = 45 million

(750 million - 125 million)/45 million =13.89

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Is there a trade-off between standardization and innovation? how are the two related in most companies?
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Which of the following is not an example of how media coverage of the Space Race affected the economy?
mrs_skeptik [129]

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7 0
3 years ago
Read 2 more answers
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
Drupady [299]

Answer:

Cash provided by operating activities is 89.000

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 65.000

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+ Depreciation expense 8.000

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7 0
3 years ago
ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback
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Answer:

b. $11.43

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g = 25% * 0.20

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P/E Ratio = $11.43

7 0
2 years ago
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