The ABC fund, a closed-end investme nt company, has a por tfolio of assets worth Rs. 1,000 million. It has liabilities of Rs. 5 million. It also has…
BBS Fundamentals of Investment · 2077 · Solved Question with Answer
The ABC fund, a closed-end investment company, has a portfolio of assets worth Rs. 1,000 million. It has liabilities of Rs. 5 million. It also has 50 million shares outstanding. If the fund trades at 5 percent discount from its NAV, what is the market price of the fund's shares?