A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 shares outstanding, what is the net asset value of the fund?
A) $3.02
B) $3.85
C) $2.83
D) $2.16
C
Business
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Filtering is the process of presenting information as facts, without manipulating it.
Answer the following statement true (T) or false (F)
Business
A project costs $12,000 and has a discount rate of 15%. Calculate the profitability index of the project that has cash flows of $2,500 in years 1 and 2, and $4000 in years 3 and 4
A) 0.75 B) 0.98 C) 1.08 D) 1.14 E) 1.28
Business
The cost of capital is the average rate of return that the company earns on its investments.
Answer the following statement true (T) or false (F)
Business
The pro forma accumulated retained earnings amount is ________. (See Table 4.5)
A) $90,000
B) $175,000
C) $140,000
D) $130,000
Business