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The FIRE 317 Fund has $240 million in assets, $100,000 in liabilities, and it sells at a 7 percent discount to NAV. If the quoted share price for this closed-end fund is $14.8738, how many shares are outstanding? If you purchase 1,000 shares of this fund, then what will be the total shares outstanding now? [Hint: First compute the NAV from the closed-end fund discount. Round off the NAV at six digits.]

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91731655

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