Question
A mutual fund has 64641 shares outstanding. You place an order to purchase $1000 worth of shares at the market close today. At the close
A mutual fund has 64641 shares outstanding. You place an order to purchase $1000 worth of shares at the market close today. At the close the fund owns 3 stocks shown below
| Stock | Shares owned | Price at close |
| A | 10,179 | $5.75 |
| B | 5,005 | $50.25 |
| C | 11999 | $25.40 |
What is the price you will pay to purchase shares from this open-ended mutual fund?
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
