medium · Private Credit fund-structures-returns-economics

A BDC has 1,850m in total assets (fair value) and 950m in total debt.

If it has 100m shares outstanding and its stock is trading at 8.10, what is its Price-to-NAV ratio?

  1. 0.90×
  2. 1.10×
  3. 0.85×
  4. 0.44×

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