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
In terms of SUPPLY, what factors have contributed to the fall in oil prices?
mylen [45]
Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.
3 0
3 years ago
Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
GarryVolchara [31]

Answer:

Explanation:

A good flexibility program will prevent injuries and increase performance. It helps to relax the muscles, enhances the posture and also improves blood flow.

3 0
3 years ago
A public good is an example of a _____.
Alona [7]
A public good is an example of a good or product that individuals can consume or use without reducing its total availability for others. Goods like national security, sewer systems, public parks, among others, are considered as public goods. Many can benefit from it and it is considered by economists as goods that are "non-rivalrous" or "non-exclusive." <span>
</span>
6 0
3 years ago
You need $25,000 today and have decided to take out a loan at 7 percent for five years. Which one of the following loans would b
irina1246 [14]

Answer:

Amortize loan woul´d be the best loan

Explanation:

Even though there are no options in the question, the amortize loan coul´d be the best loan, with equal principal payments.

This one is a scheduled periodic payments that are applied to both principal and interests.  This one first pays off the relevant interests expense for the period, and then the payment reduces the principal

4 0
3 years ago
Annie's team has just finished a major project and the team has, after a long time, got some free time on hand. However, for the
Natasha_Volkova [10]

Answer:

B.

Explanation:

B is giving a bit of a impersonal approach, and comes across as just pushing company rules, especially by attaching a company policy.  Her response should be more precise with options.  Annie does not provide that in response B.

5 0
3 years ago
Other questions:
  • A walking path at a local park is modeled on the grid below where the length of each grid square is 10 feet. The town needs to s
    8·1 answer
  • Arman sets the goal for his sales team to increase revenue by 40%. which main function of a manager does this demonstrate?
    7·2 answers
  • Lars thinks he might like to be self-employed. He is thinking about owning and operating a restaurant as a possible career. What
    5·1 answer
  • The omission of the adjusting entry to record depreciation expense will result in an
    7·1 answer
  • An electronic ________ is essentially a collection of personal computers networked together with sophisticated software tools to
    5·1 answer
  • WILL GIVE BRAINLIEST
    9·2 answers
  • In a 1953 speech, President Dwight Eisenhower listed some things that cost about as much as "one modern heavy-duty bomber": a mo
    6·1 answer
  • Riya has recently started a restaurant in a commercial area that already has many other establishedrestaurants and popular fast-
    11·1 answer
  • Is the national interest a reliable source
    10·1 answer
  • ________ provide(s) a methodology and tools for dealing with the organization's ongoing need to revise and optimize its numerous
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!