The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price f...
The Argentina Fund has $735 million in assets and sells at a discount of 5.9 percent to NAV. If the quoted share price for this closed-end fund is $14.36, how many shares are outstanding? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Homework Answers
Value of Fund after Discount = 735,000,000(1 - 0.059)
Value of Fund after Discount = $691,635,000
Number of Shares Outstanding = 691,635,000/14.36
Number of Shares Outstanding = 48,163,997 shares
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