points return to questionitem 4 problem 4-15 (algo) the closed fund is a closed-end investment company with a portfolio currently worth $285 million. it has liabilities of $3 million and 5 million shares outstanding. required: a. what is the nav of the fund? (round your answer to 2 decimal places.) b. if the fund sells for $53 per share, what is its premium or discount as a percent of nav? (input the amount as a positive value. do not round your intermediate calculations. round your answer to 2 decimal places.)

Answers

Answer 1

The presented statement indicates that the fund's NAV is $56.4 and that the discount as a percentage of NAV is $6.02

What is a brief definition of funds?

A portfolio is a gathering of funds put aside toward a specific objective. To produce returns for its investors, funds frequently invest and use expert management. Retirement funds, actions that benefit, endowments, and endowments are a few examples of prevalent sorts of funds.

Briefing:

Total value of portfolio = $ 285 million - $ 3 million = $ 282 million

Total no of outstanding shares = 5 million

a). NAV =Total value of portfolio/no of shares outstanding

NAV = $ 282/5 = $ 56.4

b). Discount = sale value – NAV/NAV*100

            =53-56.4/56.4*100= $ 6.02

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Related Questions


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

When running A/B testing, what principle should be followed?

Answers

When running A/B testing, the principle that should be followed is to split users into two groups; showing the existing product or feature to the control group and the new product or feature to the experiment group.

What is A/B testing?

A/B testing is a technique for user experience research. A/B tests entail a randomized experiment with two versions in most cases, while the idea may also be applied to several variants of the same variable.

The fundamental idea behind an A/B test is to divide people into two groups and provide the new feature to the experiment group while displaying the current function to the control group. Finally, comparing how people in two groups react differently and select the superior version.

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What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?

Answers

Answer:hudsa

Explanation:uhsha

A company's internal e-mail and internet capabilities _________________.A. make it easy and inexpensive to disseminate internal recruiting messagesB. tend to be very time-consuming ways to send messages about recruitingC. cannot effectively complement internal recruiting methodsD. are used by 100% of organizations looking to recruit internally

Answers

A company's internal e-mail and internet capabilities make it easy and inexpensive to disseminate internal recruiting messages. Thus, the correct option is A.

A company's internal e-mail and internet capabilities are commonly used to disseminate internal recruiting messages in an easy and cost-effective way.

Internal e-mail and internet capabilities have revolutionized the way companies communicate with their employees. These tools are widely used to disseminate internal recruitment messages to employees in a fast and cost-effective way.

Unlike traditional recruitment methods, internal e-mail and internet capabilities allow companies to reach a large audience of potential candidates in a short amount of time. This is particularly useful when there is an urgent need to fill a position or when a company is looking to promote from within.

One of the key benefits of using internal e-mail and internet capabilities for recruitment purposes is that it allows companies to save time and money. Instead of printing and distributing recruitment materials, companies can simply send out an e-mail or post the message on an internal website.

This not only saves money on printing and distribution costs but also saves time, as the message can be disseminated instantly.

Another benefit of using internal e-mail and internet capabilities for recruitment purposes is that it can help companies to promote their employer brand. By posting job opportunities and recruitment messages on internal websites and intranets, companies can showcase their culture and values to their employees.

This can help to create a positive working environment and increase employee engagement.

In conclusion, a company's internal e-mail and internet capabilities are a valuable tool for recruiting internally. They are easy to use, cost-effective, and can help to promote a positive employer brand. While they may not be the only method of recruiting internally, they are certainly an important one.

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How to report self-employment income without a 1099?.

Answers

If you have self-employment income and you don't have a 1099 form, you can still report it on your tax return. Here's how to report self-employment income without a 1099.

1. Record your income: Make a list of all the income you earned during the year from your self-employment. You can use bank statements, invoices, receipts, and other documents to help you remember all your earnings.2. Calculate your net income: After you record all your earnings, you need to subtract your expenses. This will give you your net income, which is the amount you should report on your tax return.3. Report your income: You can report your self-employment income on Schedule C (Form 1040), which is used to report business income and expenses. On this form, you'll list your net income on Line 31.4. Pay self-employment taxes: If you earned more than $400 from your self-employment, you'll need to pay self-employment taxes.

You can calculate this tax on Schedule SE (Form 1040).5. File your tax return: You'll need to file your tax return and include your Schedule C and Schedule SE. If you owe taxes, make sure to pay them by the tax deadline to avoid penalties and interest charges.

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Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate other expenses

Answers

The net profit margin is calculated as follows:

Net Profit / Sales

We know the net profit margin is 22% and sales is £180000, so we can calculate the net profit:

Net Profit = 22% * £180000

Net Profit = £39600

Gross profit is calculated as follows:

Gross Profit = Sales - Cost of Goods Sold (COGS)

We know the gross profit margin is 60% and sales is £180000, so we can calculate the gross profit:

Gross Profit = 60% * £180000

Gross Profit = £108000

The COGS can then be calculated as follows:

COGS = Sales - Gross Profit

COGS = £180000 - £108000

COGS = £72000

The other expenses are calculated as follows:

Other Expenses = COGS - Net Profit

Other Expenses = £72000 - £39600

Other Expenses = £32400

So the other expenses for VINCE’s Vehicle Repairs are £32400.

mixing identical goods from different owners is: a. confusion. b. accession. c. possession. d. gift.

Answers

The correct answer is b. accession.

Accession refers to the act of combining or mixing identical goods from different owners. It occurs when the identity of the individual goods is lost, and they become commingled or indistinguishable. This can happen in various situations, such as in warehouses or storage facilities where similar goods from different owners are stored together. The concept of accession is important in legal and property rights contexts, as it determines ownership rights and responsibilities when identical goods are mixed. It helps establish rules and guidelines for resolving disputes and determining the rights of each owner in such situations.

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How are college costs different based on the type and location of the school you choose as well as
your room and board arrangement?

Answers

Answer:

If you choose a private university, chances are your tuition is going way up. Prestigious university with accredited programs can also be a bit pricey. Same thing goes for Ivy league schools. Community colleges are relatively inexpensive anywhere you go. Universities in big cities often have a higher tuition if you're considering location. Room and board arrangements differ. If you choose to live on campus in a basic dorm the expense won't be too bad. Colleges could also have the option of off campus housing which is way more expensive and they have different rooms you can choose from. Meal plans are also included in room and board so that's something to consider.

Explanation:

he following information is provided for Southall Company: Sales revenue$289,000 Variable manufacturing costs 98,000 Fixed manufacturing costs 62,000 Variable selling and administrative costs 43,000 Fixed selling and administrative costs 38,000 What is this company's contribution margin

Answers

The contribution margin is the amount that is left over after deducting all variable costs from the sales revenue.

In the case of Southall Company, the contribution margin can be calculated as follows:
Contribution margin = Sales revenue - Variable manufacturing costs - Variable selling and administrative costs
Contribution margin = $289,000 - $98,000 - $43,000
Contribution margin = $148,000
This means that for every dollar in sales, Southall Company is able to contribute $0.51 towards covering its fixed costs ($148,000/$289,000). The contribution margin is an important metric as it helps a company determine the profitability of its products or services and make informed decisions on pricing and cost management.

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can you ask the owner of brainly if he could give me $100,000 this is not a prank

Answers

Answer:

Im pretty sure they can't do that

Explanation:

Because its a learning app not a money making app.

Which describes an investor’s primary goal of buying a loan? a. to grow a business b. to earn a profit off the interestc. to bolster the economy d. to provide capital to a business

Answers

Earning a profit best describes an investor's primary goal. So option b. is correct. Investors use different financial instruments to earn a rate of return to accomplish financial goals and objectives.

Investment securities include stocks, bonds, mutual funds, derivatives, commodities, and real estate. Investors can be distinguished from traders in that investors take long-term strategic positions in companies or projects. Investors build portfolios either with an active orientation that tries to beat the benchmark index or a passive strategy that attempts to track an index. Investors may also be oriented toward either growth or value strategies.

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Answer:

to earn a profit off the interest

Explanation:

This is typically done by lending money to a borrower at a higher rate of interest than the investor is paying on their own borrowing or invested capital, with the hope of earning a positive return on their investment over time. The key motivation behind this type of investment is to generate a return that is greater than the cost of the funds used to make the investment, so that the investor can earn a profit.

Government actions taken to mange a country’s money supply are called ————-policy

Answers

Answer:

Government actions taken to mange a country’s money supply are called ——Monetary——-policy

Question

Government actions taken to mange a country’s money supply are called ————-policy

Answer

Monetary

Explanation

Monetary is a government actions that taken to manage a countries by supplying money.

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If your company increases its market penetration, what is happening?
A The target market is growing.
В. More people in the target market are buying the company's product.
C. The market saturation of the target market has decreased.
D. Competitors who offer similar products are entering the market.

Answers

Answer: More people in the target market are buying the company's product.

Explanation:

Answer:

B.

More people in the target market are buying the company's product.

Explanation:

As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you with the following information from its balance sheet Cash $ 25,000 Account Receivable 45,000 Inventory 140,000 Fixed Assets 190,000 Current Liabilities 70,000 Long-Term Liabilities 90,000Peak Performance's current ratio is: 1. 0. 1. 5. 3. 0. 2. 5

Answers

The current ratio for Peak Performance Sporting Goods is 3. A current ratio of 3 indicates that the company has a strong ability to pay its current liabilities using its current assets.

This is generally considered a positive sign for lenders, indicating that the company is financially stable and able to meet its short-term obligations.

To calculate the current ratio, we divide current assets by current liabilities.

Current assets = Cash + Accounts Receivable + Inventory = $25,000 + $45,000 + $140,000 = $210,000

Current liabilities = $70,000

Current ratio = Current assets / Current liabilities = $210,000 / $70,000 = 3

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Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down an operation if it turns out to be unprofitable. A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change. A company invests in a project today to gain knowledge that may enable it to expand into different markets at a later date. A company invests in a jet aircraft so that its CEO, who must travel frequently, can arrive for distant meetings feeling less tired than if he had to fly commercial. A company has an option to invest in a project today or to wait a year. Next

Answers

Answer:

A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.

Explanation:

Real option analysis

This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.

It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.

Examples of Real Options

1. Investment timing

2. Abandonment/shutdown

3. Flexibility

4. Growth/expansion

Flexibility Option

This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.

Which group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers?

A. U.S. Treasury agents
B. Board of Governors
C. Federal Reserve Banks
D. Federal Open Market Committee

Answers

The group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers is Federal Reserve Banks.

What is the Federal Reserve Banks?

Facilitating check collection and electronic funds transfers is one of the important functions of the Federal Reserve Banks, which are part of the Federal Reserve System. These banks act as intermediaries between financial institutions and help to clear checks and process electronic funds transfers.

This function is essential to the smooth functioning of the financial system and the economy as a whole. The other options listed - U.S. Treasury agents, Board of Governors, and Federal Open Market Committee - have different roles and responsibilities within the Federal Reserve System.

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What is a source of equity financing?


A. securing short-term loans from a family member

B. receiving trade credit from suppliers

C. selling personal assets to raise funds

D. securing government loans

E. borrowing money from friends

Answers

The answer is B because I done my research online and I did my calculations and according to my calculations that’s the andwer

give questions from biology plzz and take free 20 points for that and more after you give question and ill give brainliest

Answers

Answer:

How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?

Explanation:

HOPE IT HELP

Which countries signed in the North American Free Trade Agreement in 1992?

Answers

The correct answer is Canada, the United States, and Mexico

Explanation:

The North American Free Trade Agreement or NAFTA was an economic alliance between three important countries: Canada, the United States, and Mexico (main countries in North America). Additionally, the purpose of this alliance was to facilitate trade between these countries, and in this way promote the development of the economy in these territories. In terms of history, all countries signed for the agreement in 1992, but the alliance was official only in 1993 because of the opposition of some citizens and groups. Thus, in 1992 Canada, the United States, and Mexico signed this agreement.

Economics!!

Which development would most likely reduce the standard of living in the
United States?

A. Wages increase for most American workers.

B. The U.S. government returns to the gold standard.

C. It becomes easier for U.S. citizens to get health care.

D. U.S. factories begin to
produce far fewer goods.

Answers

It's  D. U.S. factories begin to

produce far fewer goods.

Three-month European put options with strike prices of $50, $55, and $60 cost $2, $4, and $7, respectively. What is the maximum gain when a butterfly spread is created from these put options?

Answers

Answer:

hiii...myself tanvi new on brainly...can get some help from you plz....to know the people

how do i get an egg out of my fridge????? HELP NEED TO KNOW ASAP

Answers

Answer:

open fridge!!!

Explanation:

STEP 1: open fridge

STEP 2: find the egg then grab with hand!!!!!!!!

(Its really hard!!)

PIz help, Im confused.

PIz help, Im confused.
PIz help, Im confused.
PIz help, Im confused.

Answers

Base on the personal history provided, Megan's hypothetical credit score is 470. Option A

How do we find Megan's hypothetical credit score?

To Find Megans credit score, we have to look at her personal information against the hypothetical credit score provided.

Megan is 28 which has 20 point score

2 years at her residence has 20  point score

8 years auto age  has 0 score point

No car payment history has 72 score points

$500 house payment has 48 score point

A checking account has 8 point

No finance reference has 60 points

5 major credit cards has 60 points

15% ratio of debt to income has 80 points

Never declare bankruptcy has a score of 120

Lets sum the scores; 20+20+0+72+48+8+60+60+80+120 = 488

The closest value in the list of options is 470 and therefore her hypothetical credit score is 470.

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Suppose that the break-even point (BEP) for a given product is 200 units. This means that if 198 units are produced, then this product is not profitable.
true and false

Answers

The given statement " break-even point (BEP) for a given product is 200 units. This means that if 198 units are produced, then this product is not profitable " is True. The break-even point (BEP) is the point at which a company or business does not make a profit or loss.

In other words, the revenue earned from the sale of a product or service is equal to the total costs incurred to produce that product or service. In this case, if the BEP for a given product is 200 units, it means that the company needs to sell at least 200 units to cover all the costs incurred in producing those units.

If the company produces and sells only 198 units, then the revenue earned from the sale of those units will not be enough to cover all the costs incurred, and therefore, the company will not make a profit. In fact, the company will incur a loss as the cost of producing those 198 units will be greater than the revenue earned from the sale of those units. Therefore, it is true that if 198 units are produced, then this product is not profitable.

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On January 2, The Public Legal Clinic issued Check 2108 for $370 to establish a petty cash fund. Indicate how this transaction would be recorded in a cash payments journal.

Answers

To create the petty cash fund, make the following journal entry: debit Petty cash fund account ($430), credit cash account ($430).

What is petty cash fund?

A petty cash fund's main objective is to give business units enough money to pay for small expenses. The purpose is to make it easier for staff workers and visitors to get reimbursed for little expenses like taxi rides, postage, office supplies, and other things that often don't cost more than $25.00.

The data can also come from of the petty cash fund. Add up all of the expenses that are mentioned on each petty cash vouchers in the petty cash fund. This sum should be deducted from the calculated cash withdrawal amount. The outcome ought to be 0. There is an excess of cash in the fund if there is a residual balance.

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Assume that Tom has told the group, "My daughter just graduated from an MBA program, and I want her to get some real-world experience. I would like to bring her in as a partner. She has given me $10,000 from her savings as an investment in the project, and I’ve asked her to review our marketing strategy." From the perspectives of Tom, Linda, and Zach, develop the following arguments (1) whether Tom’s daughter should or should not be considered a partner, (2) how much of the profits she should receive if she is considered a partner, and (3) how her contribution will benefit or hurt your position in the business.

Answers

From Tom's perspective, he sees his daughter's MBA degree as a valuable asset to the business and believes that she deserves to be considered a partner.

He also sees her investment as a vote of confidence in the project. From Linda's perspective, she may have concerns about nepotism and the potential for conflicts of interest if Tom's daughter is brought in as a partner. However, if she is qualified and brings valuable skills to the table, Linda may see her as a valuable addition to the team. Zach may have concerns about the distribution of profits and how much equity Tom's daughter should receive as a partner. He may argue that her investment does not necessarily equate to equal ownership in the business.

Ultimately, the decision to bring Tom's daughter in as a partner should be based on her qualifications and contributions to the business, not just her relation to Tom. If she is a valuable asset, she should receive a fair share of the profits based on her ownership stake in the company. Her contribution could benefit the business by bringing in fresh ideas and expertise, but it could also potentially hurt if there are conflicts of interest or if she does not live up to expectations.

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The most likely reason for a sole trader to change into a private limited company is because it
wants:
a. To share its financial accounts with the public
b. To raise additional finance
C. To benefit from unlimited liability
d. to avoid business continuity

Answers

The most likely reason is B. To raise additional finance
I think it’s B because it makes sense.

the form of entry strategy into international operations that offers the ____ level of control for the domestic corporation would be exporting.

Answers

The form of entry strategy into international operations that offers the least  level of control for the domestic corporation would be exporting. What is the meaning of exporting? Exporting refers to the sale of products and services produced in one country to another country.

Exporting involves making a profit by selling products or services at a higher price than they cost to produce, and it allows companies to expand their market reach beyond their domestic borders. Exporting is one of the easiest and simplest ways for a company to expand into foreign markets. It entails selling products produced in the domestic market in foreign markets.

Companies that export products typically rely on agents or distributors to represent them in foreign markets, which is why this strategy offers the least amount of control for domestic firms. This strategy is often used by small- and medium-sized businesses as a way to enter international markets without committing significant resources to foreign ventures.

Exporting, in general, is the process of selling goods and services produced in one country to a foreign country.

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Pick a good that is bought and sold internationally...the only condition is that you can find the price in the United States and the foreign price online (e.g., the iPhone sold in Mexico versus the United States). Next, find the foreign price, domestic price, and the exchange rate before "testing" the degree to which purchasing power parity holds. Then discuss PPP and IRP with your peers! Review PPP, why it is important, and when it might hold or not hold. Do the same for IRP.

Answers

One good that is bought and sold internationally is gold. As of April 22, 2023, the price of gold in the United States is $1,780.00 per ounce, while the price in India is ₹46,370 per 10 grams. The exchange rate between the US dollar and the Indian rupee is 1 USD = ₹77.96.

Using this information, we can calculate the foreign price of gold in USD: ₹46,370 / 10 grams x 100 grams / 3.215 oz x 1 USD / ₹77.96 = $1,566.03 per ounce.

Foreign price: $1,566.03 per ounce

Domestic price: $1,780.00 per ounce

Exchange rate: 1 USD = ₹77.96

Purchasing Power Parity (PPP) is a theory that suggests that exchange rates should adjust so that a basket of goods or services has the same price in different countries. It is essential for international trade, as it ensures that goods can be priced fairly across borders. However, PPP may not always hold in practice due to differences in factors like taxes, regulations, and transportation costs, as well as differences in the quality and availability of goods.

Interest Rate Parity (IRP) is a theory that suggests that exchange rates adjust so that investors receive the same return on investment in different countries. IRP is important in finance as it helps investors understand how interest rates affect exchange rates. However, IRP may not always hold in practice, especially when there are political or economic shocks that cause market instability.

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The government of Islandia, a small island nation, imports heating oil at a price of $2 per gallon and makes it available to citizens at a price of $1 per gallon. If Islandians demand curve for heating oil is given by P = 6 =Q, where P is the price per gallon in dollars and Q is the quantity in millions of gallons per year, how much economic surplus is lost as a result of the government's policy?

Answers

Economic surplus is gained rather than lost.

Economic Surplus:

Economic surplus is the sum of consumer surplus and producer surplus. It is also known as welfare surplus. Producer surplus occurs when the producer sells the goods for more than the lowest price they are willing to sell for. Consumer surplus occurs when the consumer pays less than the lowest price he is willing to pay for.

P = 6 = Q

It means that consumers purchase 6 million gallons of oil for a price of $ 6 per barrel. It means they are paying $1 for 1 million barrel.

Since, price = demand, thus at a price of $2 per barrel, consumers will still effectively pay $1 for each million barrel.

Quantity consumed at $1 per barrel = 1 million barrel

Quantity consumed at $2 per barrel = 2 million barrel

Economic surplus = (1/2) ($2 - $1) * (2 - 1) = $0.5 million gallon per year

Thus, economic surplus is gained rather than lost.

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