Question
A Denver mutual fund has the following assets and prices at 4:00 p.m. (EST): Stock Shares Owned Price 1 2,000 $10.97 2 5,000 $44.26 3
A Denver mutual fund has the following assets and prices at 4:00 p.m. (EST):
Stock Shares Owned Price
1 2,000 $10.97
2 5,000 $44.26
3 1,000 $26.44
4 10,000 $64.49
The company also has $6,000 cash and a liability of $3,000. Calculate the net asset value (NAV) per share for the fund, of fund has 10,000 shares outstanding.
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
