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1. The assets of a mutual fund are $25 million. The liabilities are $4 million. If the fund has 700,000 shares outstanding and pays a $3 dividend, what is the dividend yield?

2. EITHER discuss the pros & cons of Yale (University) owing a forest as part of it's endowment OR briefly discuss any major financial development that had an impact on financial markets.

3. A Treasury-bill with 105 days to maturity is selling at a bank discount ask yield of 1.97%. If the face value is $10,000, what is the price? What is its bond equivalent yield?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92654112

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