$13.27 is the fund's number of shares outstanding
Solution:
Given,
The All-Star Basic Value Fund's portfolio is valued at $250 million
Liabilities of $23 million
Net asset value = 17,100,000
Now ,
To find , fund's number of shares outstanding :
NAV = ($250 million - $23 million)/17.1 million = $13.27
$13.27 is the fund's number of shares outstanding
Meritocracy is a system based on
a dominant ideology involving the widely shared belief that all people have an
equal chance of succeeding economically or a political philosophy stating that
power should be vested in individuals based on their hard work and skills.
Answer:
$700
Explanation:
If a bond is issued at a lower price than the face value of the bond, then the bond is issued on the discount. This discount is amortized over the bond's life. This amortization will be expensed as Interest Expense.
Discount = Face value - Issuance price = $15,000 - $14,700 = $300
Bond's Life = 6 years
Amortization of discount = $300 / 6 = $50 annually = $25 semiannually
Coupon Payment = Face Value x coupon Rate = $15,000 x 9% = $1.350 annually = $675 semiannually
Interest Expense Includes both the coupon payment and discount amortization for the period.
Interest Expense = $675 + $25 = $700
Its usually the M1152 model of hmmwvs
