BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 76

BHow much money can Barry and Mary gift to their
grandchildren?

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 i nvestment?

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 Quiz
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1. (TCOs 6 and 7) The Capitalist Mutual Fund's portfolio is valued at
$48 million. The fund has liabilities of $4 million, and the investment
company sponsoring the fund has issued 1,600,000 shares. What is
the fund's net asset value? (Points : 1)