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Business, 17.12.2021 01:00 leelee85503

Consider a $100 levered mutual fund that will liquidate in 5 years. The funds capital structure consists of 80% debt and 20% equity. The portoflio is invested in public equities. At the end of the 3rd year, the market value of the public equities is $70. The market value of the funds equity position is most likely

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Consider a $100 levered mutual fund that will liquidate in 5 years. The funds capital structure cons...

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