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An open end mutual fund owns 500 share of Crispy Creme priced at $15. The fund also owns 1500 shares of Ben & Jerry's priced
- An open end mutual fund owns 500 share of Crispy Creme priced at $15. The fund also owns 1500 shares of Ben & Jerry's priced at $34, and 2500 shares of Pepsi priced at $45. The fund itself has 3500 of its own shares outstanding.
- If the fund has no liabilities, what is the NAV of a fund's share?
- If the fund has $5,000 of liabilities (management fee due to funds manager), what is the NAV of a fund's share?
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
