What is the net asset value of an investment company with $10,000,000 in assets, $600,000 in current liabilities, and 1,200,000 shares outstanding?
Answer to relevant QuestionsIf a mutual fund's net asset value is $23.40 and the fund sells its shares for $25, what is the load fee as a percentage of the net asset value? A closed-end investment company has a net asset value of $12.75. A year ago the shares sold for a 20 percent discount but that discount has narrowed (i.e., declined) to 10 percent. If the company distributed $1.25 a share, ...Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Does the ranking make intuitive sense? The management of a conservative firm has adopted a policy of never letting debt exceed 30 percent of total financing. The firm will earn $10,000,000 but distribute 40 percent in dividends, so the firm will have $6,000,000 ...Management of a firm with a cost of capital of 12 percent is considering a $100,000 investment with annual cash flow of $44,524 for three years. a. What are the investment’s net present value and internal rate of ...
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