City Street Fund has a portfolio of $450 million and liabilities of $10 million. a. If there are 44 million shares outstanding, what is the net asset value

10

Explanation:

City street fund has a portfolio value of $450 million

Liabilities is $10 million

Outstanding shares is 44 million

Therefore the net asset value can be calculated as follows

Portfolio value-liabilities/no of shares outstanding

= 450 million-10million/44 million

= 440 million/44 million

= 10

Hence the net asset value is 10

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"