Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An open - end mutual fund owns 1 , 5 0 0 shares of Krispy Kreme priced at $ 1 2 . The fund also

An open-end mutual fund owns 1,500 shares of Krispy Kreme priced at $12. The fund also owns 1,000 shares of Ben & Jerry's priced at $43 and 2,000 shares of Pepsi priced at $50. The fund itself has 3,500 of its own shares outstanding. Assume that the fund's liabilities are zero. What is the net asset value (NAV) of this mutual fund?
$11.14
$35.00
-$35.78
$35.78
$46.00
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Directors Handbook

Authors: Glynis D Morris, Sonia McKay, Andrea Oates

5th Edition

1566768691, 978-1566768696

More Books

Students also viewed these Finance questions