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10 points A mutual fund has 10,000 shares outstanding held by investors. The fund contains 2,000 shares of JetBlue at $30 per share and 4,000
10 points A mutual fund has 10,000 shares outstanding held by investors. The fund contains 2,000 shares of JetBlue at $30 per share and 4,000 shares of Target at $15 per share. Suppos that today 3,000 additional investors buy one share each of the mutual fund at the NAV. The fund manager decides to use these additional funds to buy additional shares in Target. Calculate tomorrow's NAV (on a per share basis) given Target stock increased by $1.50 and JetBlue stock increased by $5.(2 decimal places) Type your
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