A mutual fund owns stocks with a market value of $1 billion and has liabilities of $1
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A mutual fund owns stocks with a market value of $1 billion and has liabilities of $1 million. What is the net asset value? If there are 2 million shares of stock outstanding, what is the net asset value per share?
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Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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