At the end of the business day on 9/30/2021, the GBC Intermediate Bond Fund has...

70.2K

Verified Solution

Question

Accounting

image
At the end of the business day on 9/30/2021, the GBC Intermediate Bond Fund has total assets of $275,500,000. The total liabilities of the fund are $233,750,000. There are 875,982 shares outstanding. Calculate the NAV price for this fund. $21.42 0 $47.66 $314.50 O $581.35

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students