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Anuta_ua [19.1K]
3 years ago
11

The All-Star Basic Value Fund's portfolio is valued at $386.2 million. The fund has liabilities of $8.6 million, and the investm

ent company sponsoring the fund has issued 18,600,000 shares. What is the fund's net asset value (NAV)?
Business
1 answer:
Vera_Pavlovna [14]3 years ago
7 0

Answer:

Net Asset Value of the fund = $377.6 million

Explanation:

Net Asset Value 9NAV) is the value per share in a portfolio.

Provided information,

All Star Basic Value Fund value = $386.2 million

Liabilities of fund = $8.6 million

Net Asset Value = $386.2 - $8.6 = $377.6 million

Net Asset Value per share = \frac{377,600,000}{18,600,000} = 20.30

Therefore, Net Asset Value of the fund = $377.6 million

And NAV per share = $20.30

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The Blackburn Group has recently issued 20minus​year, unsecured bonds rated BB by​ Moody's. These bonds yield 443 basis points a
MArishka [77]

Answer:

Explanation:

First, convert the basis points to a percentage or decimal;

1 basis point = 0.01% or 0.0001 as a decimal

Then 443 basis points as a decimal will be;

443 *0.0001 = 0.0443 or 4.43% as a percentage

Next, since the BB bond is 4.43% above the U.S. Treasury yield of 2.76%, find the Yield to maturity(YTM) by adding the 4.43% to the 2.76%;

YTM = 2.76% + 4.43%

YTM = 7.19%

4 0
4 years ago
Vista newspapers sold 6,000 of annual subscriptions at $125 each on September 1.
jonny [76]

Answer:

Option (B) is correct.

Explanation:

Annual Subscription:

= 6000 × $125

= $750,000

Since, the payment was received for 1 Year, we will recognize 4 months revenue (1 September till 31st December) in the given year:

= $750,000 × (4/12)

=  $250,000

Unearned Revenue as on 31st December:

= Total Payment Received - Revenue Recognized for 4 months

= $750,000 - $250,000

= $500,000

8 0
4 years ago
Which customers help in the profitability and growth of an organization?
IrinaVladis [17]
The customers that help the profitability and growth of an organization are those that purchase products consistently. You must sell a product to have a profit. Those customers who are serious about their health and purchase products to improve their health help companies remain profitable. When you use up a product, you have to buy more. This is repeat business and helps the company maintain profitability.
3 0
3 years ago
Collings College has annual fixed operating costs of $12,500,000 and variable operating costs of $1,000 per student. Tuition is
hjlf

Answer:

2,575,0000

Explanation:

The Fixed cost will remain fixed i.e : $12500000.

The variable cost is $1000 per student and the projected enrollment is 1500 students, hence the total variable cost is: 1000*1500 = $1500000.

The tuition fee is $8000 per student and projected enrollment is 1500 students, hence the total tuition fee will be: 8000*1500 = $12000000.

Hence the total cost is : 12500000+1500000+12000000 = 26000000.

The College received grants equalled to = 250000.

Hence the required amount is = 26000000-250000 = 25750000.

Hope this Helps

Thank You.

5 0
3 years ago
How much automation used to be in restaurant in 1950s?
nikklg [1K]
I'm sorry but I don't know the answer.

I think Google would help you!
4 0
3 years ago
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