1B.

New issues of securities are sold in the ________ market(s).

		secondary
		primary
		primary and secondary
		over-the-counter

Given the table below and assume the number of fund shares is 50000, calculate the NAV? Stock Price Today Price Shares Next Month MSFT 140 150 400 AAPL 220 180 300 AMZN 1800 2000 200 JPM 120 90 100 C 70 75 100 4.40. 9.25. 9.67. 10.02. 13.38