Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An open-end mutual fund owns 1,500 shares of Krispy Kreme priced at $$ 12$. The fund also owns 1,000 shares of Ben & Jerrys 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 \& Jerrys priced at $\$ 43$, and 2,000 shares of Pepsi priced at $\$ 50$. The fund itself has 3,500 of its own shares outstanding. What is the NAV of a fund's share?
Multiple Choice
46$
66$
26$
56$
36$

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

More Books

Students also viewed these Finance questions

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago