Last year David McCullough of La Junta, Colorado, bought the XYZ mutual fund, which has total assets

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Last year David McCullough of La Junta, Colorado, bought the XYZ mutual fund, which has total assets of $240 million, liabilities of $10 million, and 15 million shares outstanding.

a.) What is the net asset value?

b.) If the current price is $18, is this a good deal?

Related Book For answer-question

Derivatives Markets

ISBN: 978-0321543080

4th edition

Authors: Rober L. Macdonald

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Posted Date: Jan 08, 2021 01:32 AM

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Last year David McCullough of La Junta, Colorado, bought the XYZ mutual fund, which has total assets

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Ans Total assets 240 million liabilities 10 million Shares ... View the full answer

Derivatives Markets

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