Jensen German Fund is a closed-end investment company that invests in German stocks. In the latest...
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Jensen German Fund is a closed-end investment company that invests in German stocks. In the latest quarter, it has a portfolio worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $35 a share, what is its premium or discount as a percent of NAV? Jensen German Fund is a closed-end investment company that invests in German stocks. In the latest quarter, it has a portfolio worth $300 million. It has liabilities of $5 million and 9 million shares outstanding. If the fund sells for $35 a share, what is its premium or discount as a percent of NAV?
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To calculate the net asset value NAV of Jensen German Fund we need to subtract i... View the full answer
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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