Echo fund has $80 million in assets and $5 million in liabilities. Shares of the fund currently sell for $100, which represents a 20% discount below NAV. Find the number of shares outstanding. Round intermediate steps to four decimals and your final answer to the nearest whole share.
2. MNO fund has 1 million shares outstanding. The fund has a NAV of $25/share and $30 million in assets. Find the value of MNO's liabilities. Round intermediate steps to four decimals.

Answer rating: 100% (QA)

To find the number of shares outstanding for the Echo fund we can calculate the net asset value ... View the full answer