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Problem 1: A mutual fund purchases a stock position for $1,000,000. Over the next few months the value of the stock rises to $1,200,000.The following day, the security is sold for a sales price of $1,210,000. On the day of the sale, there are 1000 share of the mutual fund outstanding. What is the effect of the sale of the stock on the mutual funds NAV per share on the date of sale?
Understanding and commenting on term critical perspectives of accounting and highlighting the fundamental difference between the research
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ow much money will he need when he retires in order to support his $60,000 annual life style if he will average 12 percent per year on his retirement account?
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