Question
An open-end mutual fund owns 1,500 shares of Krispy Kreme priced at $12 . The fund also owns 1,000 shares of Ben & Jerry's priced
An open-end mutual fund owns 1,500 shares of Krispy Kreme priced at $12. The fund also owns 1,000 shares of Ben & Jerry's priced at $42, and 2,000 shares of Pepsi priced at $50. The fund itself has 4,000 of its own shares outstanding. What is the NAV of a fund's share?
A. $66
B. $56
C. $46
D. $40
E, $36
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
