Question
A. Three and a half years ago, Bob purchased 1200 units of a fund with an NAV of $16.75. The NAV is now $36.50 and
B. Compute the NAVPS for a mutual fund with the following information: Market value of securities in the portfolio (1.7 billion), liabilities of the fund ($75 million), and shares outstanding (80 million).
C. You own 750 units of a fund with a current NAV of $15.50. Your portion of the fund distributions is $1,240.00 of dividends, capital gains, and interest earnings. What will be your total units now?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
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