At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The answer is 8.48% discount.
Given, portfolio's current worth = $300 million
liabilities = $5 million
shares outstanding = 9 million
Share Price = $30 per share
Value of NAV = (Value of Portfolio - Liabilities) / shares outstanding
Now, substituting the value of the given information in the above mentioned formula we get,
NAV(in millions $) = (300 - 5) / 9
= $32.78 millions
Since, Discount = [tex]1 - \frac{share prive}{NAV}[/tex]
= [tex]1 - \frac{30}{32.78}[/tex]
= 8.48%
Hence, its discount as a percent of NAV is 8.48%.
Learn more about Shares:
https://brainly.com/question/17190441
#SPJ4
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
