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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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Answer:

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2. $4347

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depreciation expense each year is  $3375

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

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8 0
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antoniya [11.8K]

Answer:

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Frictional unemployment is seasonal employment that could occur when there is no demand or work period is completed unlike structural unemployment that can last for long.

It is a temporary unemployment situation because workers in the cotton industry could opt for jobs in other performing sectors of the economy.

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