Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 03, 2024

3.A mutual fund has only two holdings: 100 shares of Apple and 20 shares of Netflix. The price per share is $115 for Apple and

3.A mutual fund has only two holdings: 100 shares of Apple and 20 shares of Netflix. The price per share is $115 for Apple and $500 for Netflix. The mutual fund has $3,000 in liabilities and 100 shares outstanding. What is the fund's NAV? Give your answer to two decimal places

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

Personal Finance

Personal Finance

Authors: Jack Kapoor

12th Edition

125996776X, 9781259967764

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain how a plantwide overhead rate, using a unit-based driver, can produce distorted product costs. In your answer, identify two major factors that impair the ability of plantwide rates to assign...

Answered: 1 week ago

Question

★★★★★

In Problems 1744, find the real solutions, if any, of each equation. |3x - 11 = 2

Answered: 1 week ago

Question

★★★★★

What neurotransmitters are involved in the various forms of mental illness?

Answered: 1 week ago

Question

★★★★★

Avery Corporations northwestern factory provided the following information for the last calendar year: Beginning inventory: Direct materials ...... $50,800 Work in process ...... 58,500 Ending...

Answered: 1 week ago

Question

★★★★★

\begin{tabular}{|c|c|c|} \hline fhem & Prior year & Cumontyes \\ \hline Accounts paryable & 8,118.00 & 7,777.00 \\ \hline Accounts recelvable & 6,064,00 & 6,621.00 \\ \hline Accruals & 1,036,00 &...

Answered: 1 week ago

Question

★★★★★

carried the units, and highlighted your final results. Both the steps and final results are graded. They are equally important. Lrecommend finishing deriving and the part c. first, leave drawing the...

Answered: 1 week ago

Question

★★★★★

Julio is a teller at the bank. He will be given the opportunity to work with new customers at the business development desk every Friday. Which job enrichment approach is Julio involved in? Job...

Answered: 1 week ago

Question

★★★★★

coefficients A variable n(t) is described by a first-order linear differential equation with constant dn(t) T +n(t) = n dt where 7 and no are constants. Let n(0) = no. a) Fort > 0, determine an...

Answered: 1 week ago

Question

★★★★★

Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. The amount borrowed is $300,000. The interest rate is 4% per year compounded monthly. You decide to sell the house immediately...

Answered: 1 week ago

Question

★★★★★

A community hospital system realized that approximately 2,000 patients were leaving its emergency department (ED) each year without receiving medical attention. This hospital system realized that...

Answered: 1 week ago

Question

★★★★★

Describe what a quality control activity might look like at a t-shirt manufacturing factory. (LO3.3)

Answered: 1 week ago

Question

★★★★★

6. List one and only one societal role that you wish you had performed better in. Spend the next month on a small push to improve your personal performance within this role. At the end of the month,...

Answered: 1 week ago

Question

★★★★★

9. Imagine that you have achieved the goal you set for yourself in task 8. a. What do you see in the past? b. How do you feel? c. What do you hear? d. How does this change your roles? e. How does...

Answered: 1 week ago

Question

★★★★★

8. Set a goal that you really want to achieve in the near future, lets say 12 years. How does this goal fit in relation to the form roles and values above? What role and what value was it that...

Answered: 1 week ago

Previous Question Next Question