The twenty-first century closed-end fund has 350 million

Assignment Help Accounting Basics
Reference no: EM13395499

The Twenty-First Century closed-end fund has $350 million in securities, $8 million in liabilities, and 20 million shares outstanding. It trades at a 10 percent discount from net asset value (NAV).

a. What is the net asset value of the fund?

b. What is the current price of the fund?

c. Suggest two reasons why the fund may be trading at a discount from net asset value.

Reference no: EM13395499

Questions Cloud

Determine the activity of our immune system against the : 1. describe the activity of our immune system against the pathogen.2. what types of medical treatments exist? describe
Analyze the influence of the foreign corrupt practices act : write a 1050 to 1400-word paper in which you identify the environmental factors that affect global and domestic
Which of the following statements is true regarding : which of the following statements is true about referring to visuals in the text of a document? a. in general you
Explain any historic or present day social economic or : 1. describe any historic or present day social economic or political issues that either help or hinder us in limiting
The twenty-first century closed-end fund has 350 million : the twenty-first century closed-end fund has 350 million in securities 8 million in liabilities and 20 million shares
Bickley engineering company has a capital structure of 30 : bickley engineering company has a capital structure of 30 debt and 70 equity. its current beta is 1.3 and its market
Compute expenditure schedule and determine the equilibrium : in an economy with no government sector investment is 1000 net exports are 100 and the consumption function isincome
Find out the size of loan and amount that will have to be : question. an investor is considering purchasing an apartment complex for 240000. a loan for 20 years at 75 percent of
Be prepared to describe the significance of mendels : mendel used mathematics and experimentation to derive major principles that have helped us understand inheritance. his

Reviews

Write a Review

Accounting Basics Questions & Answers

  Adjusting journal entry to report the balance of supplies

Prepare the adjusting journal entry to correctly report the balance of the Supplies account and the Supplies Expense account as of December 31, 2009.

  Journal entry for sorter company

On January 16, 2011, Sorter Company determined that its receivable from Ordonez Company of $8,000 will not be collected, and management authorized its write-off. a) Prepare the journal entry for Sorter Company to write off the Ordonez receivable.

  Determine the contribution margin in dollars per unit and

in the month of september nixon company sold 800 units of product. the average sales price was 30. during the month

  Determine the present value by successive divisions

Determine the present value of $500,000 to be received in three years, using an interest rate of 12%, compounded annually, as follows: a. By successive divisions. Round answer to the nearest dollar.

  Determine initial tax basis

An apartment house was purchased on July 8 of last year, by a taxpayer who computes her taxes on a calendar basis. Her depreciation deduction last year was $7,902.

  Calculate the proceeds of the bond

Calculate the proceeds of the bond. Assume the same facts as above except assume that the bonds are sold on April 30, 2004, four months into the first interest period and they are sold at par.

  Determine the variable utilities rate per machine hour

Lewis Company needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant information is as follows.

  Proceeds to acquire a luxury automobile

Ted, who is single, owns a personal residence in the city. He also owns a condo near the ocean. He uses the condo as a vacation home. In March, 2000 he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile. Du..

  Revenue and expense data for schumpert medical center

The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care), revenue, and expense data for Schumpert Medical Center covering their fiscal years 2010 and 2011.

  Declining-balance method of depreciation

A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)

  Capacity to accommodate the government order

Suppose Healthy Hearth has sufficient idle capacity to accommodate the government order for next month. What will be the impact on Healthy Hearth's operating income if it acceptsthis order?

  Concept of perspective of the combination

During 2010, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd