An the beginning of the year, an open-end fund had $750M in assets, $100M in debt,...
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An the beginning of the year, an open-end fund had $750M in assets, $100M in debt, and 15M shares. Over the course of the year, the assets grew by 20%, the debt grew by 10%, and the number of shares is now 17M. Investors in the fund received $0.20 in dividend and $0.30 in cash redistribution. a) What was the initial NAV? b) What is the final NAV? c) What the HPR for investors for that year? An the beginning of the year, an open-end fund had $750M in assets, $100M in debt, and 15M shares. Over the course of the year, the assets grew by 20%, the debt grew by 10%, and the number of shares is now 17M. Investors in the fund received $0.20 in dividend and $0.30 in cash redistribution. a) What was the initial NAV? b) What is the final NAV? c) What the HPR for investors for that year?
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a Initial NAV The initial NAV of an openend fund can be calculated by dividing the total value of as... View the full answer
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