Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An open-end mutual fund has the following stocks: Stock Shares Stock Price A 9,500 $91 B 33,000 14 C 10,000 75 D 82,000 10 If

An open-end mutual fund has the following stocks:

Stock Shares Stock Price
A 9,500 $91
B 33,000 14
C 10,000 75
D 82,000 10

If there are 51,000 shares of the mutual fund, what is the NAV? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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

Electronic Waste An Actual Gold And Silver Mine

Authors: Antonio Alcivar

1st Edition

979-8367641059

More Books

Students also viewed these Finance questions

Question

Explain the functions of HRM.

Answered: 1 week ago