Assume That You Have Invested $500 000 to Purchase Shares

question 39

Multiple Choice

Assume that you have invested $500 000 to purchase shares in a hedge fund reporting $800 million in assets, $100 million in liabilities and 70 million shares outstanding. Your initial lock-out period is 3 years. If the share price after 3 years increases to $15.28, and using your calculation for how many shares you purchased, what is the value of your investment?

• A)$553 600
• B)$625 000
• C)$733 800
• D)$764 000

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