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 10,500 B 33,000 C 20,000 D 65,000 $89 18 71 15 The fund

image text in transcribed

An open-end mutual fund has the following stocks: Stock Shares Stock Price 10,500 B 33,000 C 20,000 D 65,000 $89 18 71 15 The fund has 59,000 shares and liabilities of $170,000. What is the NAV of the fund? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net asset value

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

unction of p. Price of the second bond =

Answered: 1 week ago