FIN Fund has $1,850 million dollars of assets, $250 million of liabilities, and the management team will receive $50 million in salary and administrative fees in the coming year. If FIN Fund has 250,000,000 shares outstanding what is the NAV of its shares? 0 0 0 A. $6.00 $6.40 $5.80 OD. $7.40 OE. $6.20 B. C. ...

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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FIN Fund has $1,850 million dollars of assets, $250 million of liabilities, and the management team will receive $50
million in salary and administrative fees in the coming year. If FIN Fund has 250,000,000 shares outstanding what is the
NAV of its shares?
O A. $6.00
O B. $6.40
O C. $5.80
D. $7.40
OE. $6.20
Transcribed Image Text:FIN Fund has $1,850 million dollars of assets, $250 million of liabilities, and the management team will receive $50 million in salary and administrative fees in the coming year. If FIN Fund has 250,000,000 shares outstanding what is the NAV of its shares? O A. $6.00 O B. $6.40 O C. $5.80 D. $7.40 OE. $6.20
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