Question
An open end fund has the following holdings. Stock Shares Stock Price A 25,000 $90 B 35,000 $28 C 30,000 $45 D 75,000 $25 There
An open end fund has the following holdings. Stock Shares Stock Price
A 25,000 $90
B 35,000 $28
C 30,000 $45
D 75,000 $25
There are liabilities of $475,000 [salaries, audit fees, etc], and 150,000 shares outstanding. What is the NAV?
a. $95 to $100
b. Less than $80
c. $90 to $95
d. $80 to $85
e. $85 to $90
f. More than $100
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
