What is the net asset value per share

Assignment Help Financial Management

Reference no: EM13947188

The Hirt & Block mutual fund has assets of $147 million, liabilities of $7 million and 7 million shares outstanding. What is the net asset value per share?

A. $20 per share

B. $21 per share

C. $22 per share

D. None of the above

Reference no: EM13947188

Questions Cloud

Shares of common stock-weighted average cost of capital : Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yield 9.9 percent. The company also has 4.4 million shares of common stock outstanding. The stock has a beta of 1.6 and sells for $40 a share. The U.S. Tre..

Change in net working capital must be considered as part : When evaluating a capital budgeting project, the change in net working capital must be considered as part of: a. the initial investment b. the incremental operating cash inflows c.th operating cash inflows d. the operating case outflows

What must the beta be for the other stock in your portfolio : You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.26 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio?

The company also has two bond issues outstanding : Dinklage Corp. has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding. Assume that the overall cost of debt is the weighted average of tha..

What is the net asset value per share : The Hirt & Block mutual fund has assets of $147 million, liabilities of $7 million and 7 million shares outstanding. What is the net asset value per share?

The tax treatment regarding the sale of existing assets : The tax treatment regarding the sale of existing assets that are sold for their book value results in: a. recaptured depreciation taxed as ordinary income b. no tax benefit or liability c. an ordinary tax benefit d. a capital gain tax liability and r..

The bid for each share should range between per share : Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7%. The bid for each share should range between $ ___..

Low risk exposure through international diversification : An investor who wishes to achieve high returns and low risk exposure through international diversification would probably look for

Merger valuation-shares outstanding-target capital structure : Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7%. Assume that the risk-free rate of interest is 6% ..

User Account

All Pages