BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 74

CWhat is the total amount of estate removed from Barry
and Mary’s estate?

Ans.
5. Dave bought a rental property for $200,000 cash. One year later,
he sold it for $240,000.

A-

What was the return on his $200,000 investment?

B- Suppose Dave invested only $20,000 of his own money and
borrowed $180,000 (interest free from his rich father). What was his
return on investment?
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BUSN 380 Week 7 Problem Set 7
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Problem Set 7

1. Calculating Net Asset Value. Given the information below,
calculate the net asset value for the Boston Equity mutual fund.

Total assets

$225,000,000