FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

33.An open-ended fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and

image text in transcribed
image text in transcribed
33.An open-ended fund has stocks of three companies: 200 shares of IBM currently valued at $50.00, 100 shares of GE currently values at $20 and 100 shares of Digital currently valued at $30. The fund has 500 shares outstanding. What is the net asset value (NAV) of the fund? A. $30.0 0. B. $60.0 0 C. $120.0 0 D.$12.0 0. E. $37.5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

★★★★★
The Warm-Up Shop sells heating oil, coal, and kerosene fuel to residential customers. Heating oil is kept in large storage tanks that supply the companys fleet of delivery trucks. Coal is kept in...

Answered: 1 week ago

Question

★★★★★
23. Write an assembly language program that prints your first name on the screen. Use immediate addressing with a hexadecimal constant to designate the operand of LDBA for each letter of your name.

Answered: 1 week ago

Question

★★★★★
How does direct experience with a task affect a childs ability to complete it in the future?

Answered: 1 week ago

Question

★★★★★
The code on pages 20-21 of the Text book asks you to input a number, and it will then sum the numbers from 1 to that number. The Prompt asks you to input a number, not necessarily an integer. The...

Answered: 1 week ago

Question

★★★★★
Han's Supplies's bank statement contained a $270 NSF check that one of its customers had written to pay for supplies purchased. Required: a. \& c. Show the effects of the following transactions on...

Answered: 1 week ago

Question

★★★★★
B / Write Matlab script file to find and plot the third - degree polynomial that best its the following data. \ table [ [ x , 0 , 1 , 2 , 4 , 6 ] , [ y , 3 , 1 , 0 , 1 , 4 ] ]

Answered: 1 week ago

Question

★★★★★
The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★
What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★
Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★
Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★
In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Question

★★★★★
Political pressure is not likely to be effective in which of the following situations: Group of answer choices When the target is a public organization When the target is elected When the target is a...

Answered: 1 week ago

Question

★★★★★
4. Present multiple themes at once. Then you will get to know a little about how others think, when some of the themes are rejected.

Answered: 1 week ago

Question

★★★★★
5. Get a third party to mediate, so that both parties have the opportunity to go back to their original negotiating point that they had before the third party put forward his/her proposal.

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statements: a) What we seek to achieve is different from why we seek to achieve it. b) Thoughts are different from what we are thinking about. c) Writing to find out what one...

Answered: 1 week ago

Previous Question Next Question