So price per share.

The company's share price has fallen.

Price per share of Company B is 20.

It's someplace in between our old book value and the price that the company paid, or the sovereign wealth fund paid, 1.50 per share.

I don't care what the actual share price is.

So let's say the share price today is 12.00.

The biggest share of the price goes to wages.

It's the share price times the number of shares.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

The price per share, the market price per share, is 3.50, so you could also say it's trading at a discount to book.

And 1 billion translates to 2 of the share price.

The last closing price for Ben's stock was 21.50 share

The last closing price for Jason's stock was 12.00 share

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

So, each share price, or the book value of each share price, essentially should be this 3 billion of equity based on the balance sheet.

So it's just a bunch of people trading the share price.

The correct share price of the stock, if we didn't have

The Price to Earnings ratio is equal to the price so 3.50 divided by the earnings per share.

Well no, the share of IBM stock price has dropped to 50.

That's me, so I get one share, and in exchange I gave 100 to the fund.

Maybe Company A, each share I can buy it for, so the price per share of Company A is 10.

Hedge Fund 1.

Pete's mutual fund.

Then you could have another pension fund, Pension Fund 2.

But what's the situation where, let's say that on that day of trading, the share price is that 3.00 per share.

So let's say the sovereign wealth fund, they're going to buy 2 billion shares at 1.50 per share.

And let's say that its market price is I don't know, it is 12.00 per share.

The advantage is this fund manager doesn't have to keep cash around in case the share holders want to redeem

PRICE

Price

Price

Singapore's Central Fund provides pensions.

He's good at fund raising.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

Supported by JAPAN ARTS FUND

Share and share alike.

The price is the price, yo.

In the previous example, I had Pension Fund 1, that was my pension fund.

We share written things, we share images, we share audio, we share video.

But it's managed by Pete Inc. and we called it an open ended fund because at any time one of the people who owned a share or unit in the fund can redeem it back from the fund that Pete or the management company would say

Windows had 95 percent market share people did not think it was worth putting a price on it.

IMF stands for International Monetary Fund.