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Consider a fund that that has 20 shares outstanding and you are trying to calculate the NAV of the fund. The fund holds $2,000 in
Consider a fund that that has 20 shares outstanding and you are trying to calculate the NAV of the fund. The fund holds $2,000 in cash, 20 shares of Apple (AAPL) and 15 shares of JPMorgan Chase (JPM). AAPL is current selling for $121 per share, and JPM is selling for $98 per share. What is the NAV of the fund on a per-share basis? O A. $344.7 B. $310.4 C. $375.7 O D. $294.5
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