1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
umka2103 [35]
3 years ago
8

The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $310 million. It has liabilities of $3

million and 10 million shares outstanding. If the fund sells for $28 a share, what is its premium or discount as a percent of NAV
Business
1 answer:
defon3 years ago
8 0

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%

You might be interested in
Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was o
My name is Ann [436]

Answer:

The preparation is shown below:

Explanation:

The preparation of the physical flow schedule is presented below:

Beginning work in process units      80,000 units

Units started  in process                    95,000 units

Total units to account for            175,000  units

Units accounted for:  

Units completed and transferred out:  

Started and completed                78,000      (95,000 units - 17,000 units)

Beginning work in process         80,000

Ending work in process  units    17,000

Total units accounted for      175,000

6 0
2 years ago
Susan Sheppard, Creative Design Manager at Word-of-Mouth Marketing Group, is consistently bullied by her colleague, Alexandra Wo
Vikentia [17]

Answer:

Negative reinforcement

Explanation:

Negative reinforcement is a behavioral psychology principle that occur when one's action allows  him / her to escape an unfavorable action before it occurs.

It is mentioned in the scenario that Sheppad  is being bullied and criticized  by Alexandra  , being the boss's sister .

Susan's idea of completing all work including the extras is a behavior intentionally put up to escape the constant unpleasant stimuli from Sheppad.

6 0
3 years ago
Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100
mestny [16]

Answer:

A. 90

Explanation:

nominal GDP = 50*20 + 100*8 = 1800

real GDP = 50*10 + 100*15 = 2000

GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90

5 0
2 years ago
Read 2 more answers
In the classic downward-sloping demand curve, as price increases, the demand for the product or service
vesna_86 [32]
The demand for a product or service would likely decrease as price increases as far as the classic downward-sloping demand curve is concerned. In addition, this specific type of demand curve characterises increase of consumer demand as the price significantly falls. 
5 0
3 years ago
Researchers asked homeowners for permission to install a large, poorly lettered sign in their front yards. only 17 percent of th
Aleonysh [2.5K]
The answer in this question is the foot-in-the-door phenomenon which is the first one in the choices. The results of this experiment that the researchers conducted support the foot-in-the-door phenomenon. The foot-in-the-door phenomenon is one that is supported by the result of this experiment.
3 0
3 years ago
Other questions:
  • Use the compound interest formula,     . kelly opened a savings account with $500 she received at eighth grade graduation 4 year
    6·2 answers
  • New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity
    6·2 answers
  • The level of service exports worldwide increased more than _______ between 1980 and 2010
    14·1 answer
  • As the demand for goods and services decreases, job growth _____.
    6·1 answer
  • A characteristic of generally accepted accounting principles includes:
    7·1 answer
  • _____ involves interpreting the meaning of the received messages
    7·1 answer
  • Operating cash flow is defined as:A. a firm's net profit over a specified period of time.B. the cash that a firm generates from
    6·1 answer
  • Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She
    6·1 answer
  • Refer to the amortization tables in your slides. If the beginning balance of the bond (issued at a discount) is $885.30, the cas
    5·1 answer
  • Margaret sells hand-knit scarves at a flea market. Each scarf sells for $25. Margaret pays $30 to rent a vending space for one d
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!