On January 2nd, the prices at 4 00 p m are as follows Calculate the net asset value (NAV) for the fund Price Stock Shares owned $2 03 1,000 5,000 $51 37 $29 08 2,800 10,000 $67 19 4 $4 42 3,000 $2,408 00 Cash n a ...

On January 2nd, the prices at 4:00 p.m. are as follows: Calculate the net asset value (NAV)

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On January 2nd, the prices at 4:00 p.m. are as follows:

Price Stock Shares owned $2.03 1,000 5,000 $51.37 $29.08 2,800 10,000 $67.19 4 $4.42 3,000 $2,408.00 Cash n.a.

Calculate the net asset value (NAV) for the fund.

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Financial Markets and Institutions

ISBN: 978-0133423624

8th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: May 23, 2018 01:22 AM

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On January 2nd, the prices at 4:00 p.m. are as follows: Calculate the net asset value (NAV)

Question:

Price Stock Shares owned $2.03 1,000 5,000 $51.37 $29.08 2,800 10,000 $67.19 4 $4.42 3,000 $2,408.00 Cash n.a.

Step by Step Answer:

NAV 2030 256850 81424 ...View the full answer

Financial Markets and Institutions

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