Question
An open-end mutual fund has the following stocks: Stock Shares Stock Price A 6,500 $97 B 33,000 16 C 4,600 87 D 78,000 11 There
| An open-end mutual fund has the following stocks: |
| Stock | Shares | Stock Price |
| A | 6,500 | $97 |
| B | 33,000 | 16 |
| C | 4,600 | 87 |
| D | 78,000 | 11 |
| There are 51,000 shares of the mutual fund, and liabilities of $115,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places. |
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Valuation Workbook
Authors: Tim Koller, Marc Goedhart, David Wessels, Jeffrey P. Lessard, McKinsey & Company
4th Edition
0471702161, 978-0471702160
