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An open-end mutual fund has the following stocks: Stock Shares Stock Price A 10,000 $ 90 B 33,000 19 C 10,000 73 D 71,000 14
An open-end mutual fund has the following stocks:
| Stock | Shares | Stock Price | ||
| A | 10,000 | $ | 90 | |
| B | 33,000 | 19 | ||
| C | 10,000 | 73 | ||
| D | 71,000 | 14 | ||
If there are 58,000 shares of the mutual fund, what is the NAV? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Personal Finance
Authors: Jeff Madura
4th Edition
0136117007, 9780136117001
