On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time,
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On January 1, 2004, ChigaBiga Fund - an all-equity mutual fund - was established. At that time, funds collected were used to purchase the following securities:
01/01/2004 | 31/12/04 | ||
securities | #Shares | price | price |
A | 250000 | 10.75 | 11.55 |
B | 150000 | 15.75 | 14.25 |
C | 210000 | 32.25 | 32.5 |
ChigaBiga issued 5 million shares (or units) to investors. What is the NAV in January 2004?
Related Book For
Advanced Accounting
ISBN: 978-0133451863
12th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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