Question
A mutual fund has following holdings: APPL: 40,000 shares at $183 per share GOOG: 12,000 shares at $150 per share If the fund has issued
A mutual fund has following holdings:
APPL: 40,000 shares at $183 per share
GOOG: 12,000 shares at $150 per share
If the fund has issued 340,000 shares to investors, what comes closest to the NAV per share?
24
20
45
27
30
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
