1. Assume the following information on a mutual fund: assets: $3 million; liabilities: $500,000; number of shares...
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1. Assume the following information on a mutual fund: assets: $3 million; liabilities: $500,000; number of shares outstanding: 1,500,000. Compute the funds NAV.
2. A fund started the year with a NAV of $10.60 and ended the year with a NAV of $9.50. During the year, the fund distributed $1.10 in the form of income and capital gains. If you were an investor in that fund, what would be your rate of return?
Related Book For
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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