alleryStart learning →A fund holds $90 million of assets, owes $10 million in all, with 4 million units. NAV per unit?
A$20
B$22.50
C$21.50
D$24.50
Answer & Solution
Correct answer: A. $20
NAV equals 90 minus 2 minus 8, which is 80 million; divided by 4 million units gives 20.
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