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Assume a closed-end fund is established with $500 million and 50/50 invested in 2 stocks, A and B. The price of A is $100 and
Assume a closed-end fund is established with $500 million and 50/50 invested in 2 stocks, A and B. The price of A is $100 and that of B is $200. If the fund issues 10 million shares of its own to represent the mutual fund, what should be its Net Asset Value (NAV) on the day the fund is established? $500 million $50 $150 $250 million
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