Answer: 8.79%
Explanation:
The premium or discount as a percent of NAV will be calculated thus:
NAV will be calculated as:
= (Market value of portfolio - liabilities ) / shares outstanding
= ($310 million - $3million) ÷ 10 million
= $30.7 per share.
Then, the calculation for the discount percent will be:
= (selling price - NAV) / NAV
= ($28 - $30.7) / $30.7
= ($-2.7) / $30.7
= (0.0879)
= 8.79%
Therefore, NAV is trading at discount of 8.79%
Answer:
$1,247.12
Explanation:
For computing the asked price we need to apply the present value formula i.e to be shown in the attachment below
Given that,
Future value = $1,000
Rate of interest = 4.151% ÷ 2 = 2.076%
NPER = 17 years × 2 = 34 years
The 20 years come from May 2019 to May 2036
PMT = $1,000 × 6.193% ÷ 2 = $30.965
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value or the ask price is $1,247.12
Answer:
You won't go over on an account, also, if someone hacks into your account/ uses your money, you know who to contact, for you know that you didn't buy that item.
Explanation:
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